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$ 849,900
Est. payment /mo
Pending
264 Osmun AVE Clovis, CA 93612
6 Beds
4 Baths
4,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $208
MLS Listing ID 647513
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1985
Lot Size 7,501 Sqft
Property Sub-Type Triplex
Property Description
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. Do not disturb tenants.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type All Units
Laundry In Unit
Exterior
Parking Features Open
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban, Corner Lot
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Clovis Unified
Listed by The JKRE Investment Group