Description
Situated in the Clovis submarket, a desirable area within the Fresno metro known for strong rental demand and tenant stability. Property consists of 4 units, each two-bedroom, one-bath, single-level, 900 sq ft per unit (total 3,600 sq ft). Solid Income Potential: With a scheduled market rent of$69,600 annually and current average rents at$1,400 per unit, the property demonstrates strong rental income potential. Healthy Net Operating Income (NOI): The pro forma NOI is projected at$42,335, indicating a robust income stream after accounting for operating expenses. Competitive Cap Rate: The pro forma cap rate of 5.46% suggests a favorable return on investment relative to the property's net operating income.
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8BEDS
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0.3ACRES
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4BATHS
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01/2 BATHS
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3,584SQFT
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$0$/SQFT
School Information
Description
Situated in the Clovis submarket, a desirable area within the Fresno metro known for strong rental demand and tenant stability. Property consists of 4 units, each two-bedroom, one-bath, single-level, 900 sq ft per unit (total 3,600 sq ft). Solid Income Potential: With a scheduled market rent of$69,600 annually and current average rents at$1,400 per unit, the property demonstrates strong rental income potential. Healthy Net Operating Income (NOI): The pro forma NOI is projected at$42,335, indicating a robust income stream after accounting for operating expenses. Competitive Cap Rate: The pro forma cap rate of 5.46% suggests a favorable return on investment relative to the property's net operating income.
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