Sold for $3,250,000

$3,250,000

581 W Lincoln Ave, Clovis, CA 93612

50beds

46baths

23,164sqft

Multi Family

Built in 1987

-- sqft lot

$-- Zestimate^®

$140/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Owner options

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$20,806/mo

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$20,806/mo

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What's special

Detached homeOne-bedroom unitsCovered parkingLaundry facilities

The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 50
Bathrooms: 46

Heating

Has Heating (Unspecified Type)

Cooling

Central Air

Features

Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 23,164
Total interior livable area: 23,164 sqft

Property

Parking

Parking features: Garage - Attached, Carport, Open
Has attached garage: Yes
Has carport: Yes
Has uncovered spaces: Yes

Features

Levels: Multi/Split

Lot

Size: 0.92 Acres
Features: Urban

Details

Parcel number: 42014114

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding, Brick
Foundation: Concrete Perimeter, Wood Subfloor
Roof: Composition

Condition

Year built: 1987

Utilities & green energy

Water: Public
Utilities for property: Public Utilities

Community & HOA

Location

Region: Clovis

Financial & listing details

Price per square foot: $140/sqft
Date on market: 8/20/2024
Cumulative days on market: 59 days
Listing agreement: Exclusive Right To Sell
Tenant pays: All Utilities
Income includes: Unit Rent, Laundry

Price history

Date	Event	Price
1/24/2025	Sold	$3,250,000-33%$140/sqft
Source: Fresno MLS #618527 Report a problem
10/18/2024	Pending sale	$4,850,000$209/sqft
Source: Fresno MLS #618527 Report a problem
9/16/2024	Listed for sale	$4,850,000$209/sqft
Source: Fresno MLS #618527 Report a problem
6/19/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/26/2024	Listed for rent	$1,500+3.4%
Source: Zillow Rentals Report a problem
2/8/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/1/2024	Listed for rent	$1,450
Source: Zillow Rentals Report a problem
1/14/2024	Listing removed	--
Source: Zillow Rentals Report a problem
12/16/2023	Listed for rent	$1,450+3.6%
Source: Zillow Rentals Report a problem
4/14/2023	Listing removed	--
Source: Zillow Rentals Report a problem
3/30/2023	Listed for rent	$1,400
Source: Zillow Rentals Report a problem