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1491 Alluvial, Clovis, CA 93611

$5,950,000
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    bath

Multi-family for sale 6 hours

About 1491 Alluvial

Property type Multi-family
Neighborhood
Year built 2024
HOA fee $0/month
Lot size 1.04 Acre
Movoto estimate
Parking 12 garage spaces
Rental estimate
Property description
An extraordinary investment opportunity in Clovis, CA with a pristine, 2024-built 12-unit multifamily complex. Situated in the highly sought-after Buchanan High School attendance area, a community synonymous with quality education and enduring value, this property represents a rare chance to acquire new, premium construction. What sets it apart even further is the inclusion of owned solar panels, a forward-thinking feature that significantly reduces energy expenses and enhances long-term profitability. The property presents a blend of unit types. You'll find two generously sized 3-bedroom, 2-bathroom residences, each paired with a convenient 1-car detached garage. Alongside these are ten stylish 2-bedroom, 2-bathroom units, each also boasting its own dedicated 1-car detached garage. Every apartment is equipped with in-unit laundry hookups, a must-have amenity for modern tenants. The strategic location is a story in itself, offering residents a lifestyle of ease and connectivity. The walkability to Century Elementary School. Moreover, the close proximity to the California Health Sciences University (CHSU) College of Osteopathic Medicine, Clovis Community Hospital, Dry Creek Park, Clovis Botanical Garden, and major transportation routes like Highway 168 ensures that work, healthcare, and travel are all within easy reach. Daily conveniences are just a short trip away, with Save Mart and Vons serving the neighborhood's needs. Financially, this turnkey 2024 development is positioned for success. Based on owner-provided figures, the estimated gross annual rental income reaches $358,080, with an anticipated net operating income (NOI) of $239,914. The owned solar system isn't just an amenity; it's a strategic asset that contributes directly to the property's financial performance and appeal. This is your moment to acquire a high-quality, strategically located multifamily asset in a dynamic and high-demand Central Valley market.
Listed by
Listing Agent - Jared Martin
Listing Agent Contact: 559-779-1504
Listing Office - Strong Holdings Inc
Source: CRMLS mls logo
MLS#FR26207126 • last updated 13 hours ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Virtual Tour External Link
Status Active
Lot Size (Acres) 1.04
Lot Size (SqFt) 45302
Year Built 2024
Interior
Exterior
Building Area Square Feet, 14122
Roof Spanish Tile
Parking Garage, Garage - Single Door, Asphalt
# Uncovered Spaces 15
# Parking Spaces 27
# Garage Spaces 12
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Green Features: Energy Generation Solar
Water Source Public
Inclusions NA
Pool None
Location
County Fresno
Community Features Sidewalks
Walk Score 58
Directions From Freeway 168 And Fowler: Head North On Fowler To Alluvial; Head West On Fowler To The Property
APN 56314235
Multifamily Details
Operating Expense 118166
Expense: Insurance 9399
Total Expenses 118166
Expense: Water/ Sewer 842
Gross Income 358080
Gross Scheduled Income 358080
Expense: Gardener 3600
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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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