2205 Peach Ave - Apartments FOR SALE


Clovis, CA 93612- East Fresno
$7,100,000 USD
559-288-8803
2205 Peach Ave, Clovis, CA for Sale
$7,100,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

2205 Peach Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • RARE OPPORTUNITY TO ACQUIRE AN ASSET IN CLOVIS
  • PITCHED ROOFS, LOW DENSITY FEELING
  • NATIONALLY RECOGNIZED SCHOOL DISTRICT

OVERVIEW

Alamos Gardens is a 59-unit apartment community offered exclusively by Northmarq — a rare opportunity to acquire a stabilized, income-producing asset with meaningful upside in one of California’s fastest-growing rental markets. STABILIZED ASSET WITH IMMEDIATE RENTAL UPSIDE Strong in-place occupancy minimizes lease-up risk from day one. Rents are currently below market, offering investors a clear path to enhanced yield through modest rate adjustments and full recovery of loss-to-lease — with no heavy lifting required. PROVEN VALUE-ADD BLUEPRINT IN PLACE Nearly half the community — 29 units — had been renovated with resurfaced countertops, refinished cabinetry, new appliances, modern fixtures, and two-tone paint, already commanding a premium. The remaining units represent a clear, executable path to additional NOI growth. HIGH-TRAFFIC LOCATION WITH STRONG RETAIL CORRIDOR The property fronts Peach Avenue with over 11,500 vehicles per day — exceptional visibility that supports long-term demand. Residents are within 1.5 miles of The Center Clovis, Sierra Vista Mall, and Sierra Pavilions, putting premier retail, dining, and services at their doorstep. PRIME LOCATION IN A TOP-RANKED SCHOOL DISTRICT Situated in one of Clovis’s most sought-after neighborhoods, Alamos Gardens is served by top-ranked schools — Alta Sierra Intermediate, University High, and Buchanan High — a powerful draw for family renters and a proven driver of occupancy stability. California State University, Fresno is just 7 minutes away, broadening the renter pool further. MINUTES FROM CLOVIS’S LARGEST EMPLOYERS The community sits 10 minutes from Clovis Unified School District (5,100+ employees) and 11 minutes from Clovis Community Medical Center (1,700+ employees) — two recession-resilient employers anchoring steady renter demand. Walmart, Big Lots, Taco Bell, and more are within walking distance, adding everyday convenience that renters value.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

59

PRICE/UNIT

$120,339

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alamos Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

R-3

APN/PARCEL ID

499-230-35

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.