1047-1055 Adler Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1047-1055 Adler Dr
6 Unit Apartment Building $1,400,000 ($233,333/Unit) Clovis, CA 93612
Executive Summary
Below Market Rents: Our Rent Survey reveals at least another 35 cents per square foot is available with no additional upgrades.
Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums as much as $50.00 to $100.00 per month.
Desirable Unit Mix: The unit mix consists of (5) two-bedroom and one-and-a-half bath units averaging 969 square feet and one (1) 3-bedroom and one-and-a-half bath home averaging 1,400 square feet. All units have indoor laundry hookups.
Access to Major Employment and Education Centers: Adler is just east of California State University-Fresno. To the south is Freeway 168.
Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums as much as $50.00 to $100.00 per month.
Desirable Unit Mix: The unit mix consists of (5) two-bedroom and one-and-a-half bath units averaging 969 square feet and one (1) 3-bedroom and one-and-a-half bath home averaging 1,400 square feet. All units have indoor laundry hookups.
Access to Major Employment and Education Centers: Adler is just east of California State University-Fresno. To the south is Freeway 168.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $233,333 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 6,246 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,400,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,246 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 0.8/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $752,974 (2023) | |
| Land Assessment | $83,661 (2023) | Total Assessment | $836,635 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$83,661 (2023)
Improvements Assessment
$752,974 (2023)
Total Assessment
$836,635 (2023)
zoning
| Zoning Code | A05 (Residential) |
| A05 (Residential) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1047-1055 Adler Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.