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$ 816,480
Est. payment /mo
New
1527 Lind AVE Clovis, CA 93612
8 Beds
4 Baths
3,780 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $216
MLS Listing ID 638343
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1970
Lot Size 0.298 Acres
Property Sub-Type Quadruplex
Property Description
Discover a well-maintained, single-story 4-plex ideally located near top-rated schools and convenient shopping. This turnkey property has been professionally managed, ensuring consistent performance and reliable oversight.Each unit offers 2 bedrooms and 1 bath, all in good condition with a strong tenant history. Current gross rental income is approximately $70,000 per year, with annual expenses around $20,000, resulting in a 6.15% cap rate.Current monthly rents are $1,350, $1,495, $1,495, and $1,495, with shared utility costs averaging approximately $550 every other month.The property has been diligently maintained since the seller's purchase in 2018, including $5,000 in recent tree trimming and ongoing attention to upkeep. All financials, leases, and reports are available through management for buyer review. With stable cash flow, professional management in place, and a solid return in a desirable rental market, this property is an excellent addition to any investor's portfolio.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport, Covered
Utilities Available Public Utilities, Natural Gas Connected
Roof Type Composition
Building
Lot Description Suburban, Mature Landcsape
Story 1
Foundation Concrete Perimeter
Water Public
Schools
High Schools Clovis Unified
Listed by Concierge Real Estate Services
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