264 Osmun Ave - Multi-Family FOR SALE


Clovis, CA 93612- East Fresno
$849,900 USD
760-987-5332
264 Osmun Ave, Clovis, CA for Sale
$849,900 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

264 Osmun Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Spacious Units - 1,360 SF per unit
  • Each unit comes with its own detached single car garage
  • Location, Location, Location! Conveniently located near Old Town Clovis
  • W/D hookups in each unit

OVERVIEW

Exceptional investment opportunity in the heart of Clovis. This large triplex offers an outstanding opportunity to acquire a well-located multifamily asset that rarely trades in the open market. Situated within the highly sought-after Clovis Unified School District, the property benefits from consistent tenant demand and strong long-term fundamentals. Each of the three units are 2 bed/1.5 bath townhome- style, offering 1,360 square feet of living space, well above the average for the submarket. Each unit also includes a detached single-car garage, a feature tenants value and differentiate this asset from competing rentals. Current rents are estimated to be 25-30% below market, providing a clear and immediate value-add opportunity through straightforward rent increases at turnover. Additionally, the property presents an opportunity to implement a RUBS (Ratio Utility Billing System) program to recapture utility costs currently absorbed by ownership, further improving net operating income. An April 2026 termite inspection report and due diligence folder are available upon request. The units are individually metered for P.G.&E. and paid for by tenant.

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$208 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,300

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex near Old Town Clovis

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

492-131-04

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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