Stabilized Apartment
2205 Peach Avenue Clovis, CA 93612
For Sale
Contact for pricing
A 59-unit apartment community offered for sale in Clovis, California.
Property Size38,530 SF
Price / SF$184.27
Days on Market60
Property Features for 2205 Peach Avenue
General Information
- Standard status
- Active
- Size
- 38,530 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing Agency:
Northmarq
(952) 356-0100
Listed By:
Robin Kane · License ##00583537
Source:
Crexi
Added: May 27
Changed: Jul 23
Last Checked: Jul 25 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
Alamos Gardens is a 59-unit apartment community offered for sale. The property is described as a stabilized, income-producing asset.
The community is located at 2205 Peach Avenue in Clovis, California 93612. The asset is being marketed exclusively by Northmarq.
The community is located at 2205 Peach Avenue in Clovis, California 93612. The asset is being marketed exclusively by Northmarq.
Key Highlights
- 59‑unit apartment community for sale in Clovis, California
- Year built: 1973
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $971.0k | $25.20 |
| − Vacancy | −$53.4k | −$1.39 |
| EGI | $917.6k | $23.81 |
| − OpEx | −$412.9k | −$10.72 |
| NOI | $504.7k | $13.10 |
38,530 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.21M
$6.31M – $8.41M
NOI $504,654 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.71M
$8.49M – $11.32M
NOI $679,484 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alamos Garden Apartments
Apartment Building
FAQs
What type of property is this?
Apartment building - A 59-unit apartment community offered for sale in Clovis, California.
Where is this apartment building located?
The property is located at 2205 Peach Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: 59‑unit apartment community for sale in Clovis, California; Year built: 1973
