1002 Geer Rd - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$2,995,000 USD
209-401-9085
1002 Geer Rd, Turlock, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/11
null | 7.32% Cap Rate

1002 Geer Rd
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Studios to 4-bedrooms, with over 50% large 2-bedroom townhome units ideal for longterm renters.
  • Attractive 7.32% cap rate with strong in-place income and upside potential.
  • Recently updated property with strong in-place income and limited near-term capital needs.
  • Located on main north south thoroughfare, minutes from Downtown Turlock with easy access to shopping, dining, and major roads.

OVERVIEW

The Bee Apartments offer a 17-unit multifamily investment located at 1002 Geer Road in Turlock. The property features a wide unit mix, ranging from a 260 SF Studio to a spacious 4-BD, 2.5- BA unit (1,669 SF), with the majority made up of large 1,065 SF 2-BD, 1.5-BA Townhomes. The property has been recently renovated, giving investors a clean, stabilized asset with strong in-place income and limited near-term capital needs. The updated condition helps drive tenant demand while supporting long-term retention. Located just minutes from Downtown Turlock, residents enjoy easy access to local dining, retail, and major drivers like California State University, Stanislaus and Highway 99. Offered at $2,995,000, The Bee Apartments provide a solid 7.32% cap rate in a steady, high-demand Central Valley rental market.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

17

PRICE/UNIT

$176,176

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R-3; R-5

APN/PARCEL ID

042-22-81

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.