1036 N Olive Ave - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$1,450,000 USD
925-788-5952
1036 N Olive Ave, Turlock, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/12
null | 6.27% Cap Rate

1036 N Olive Ave
Turlock, CA 95380
Chemurgic


OVERVIEW

Lee & Associates is pleased to present 1036 N Olive Avenue in Turlock, CA. This 8-unit multifamily property offers immediate rental income and long-term potential. The property consists of seven (7) 1-bed/1-bath units and one (1) 2-bed/1-bath unit, spread across four (4) separate buildings on over half an acre. Six of the eight units have been recently renovated, including updated flooring, kitchens, and bathrooms, providing a solid foundation for steady cash flow. Each unit is separately metered for gas and electricity, includes washer/dryer hookups, and offers private yard space, a rare amenity in multifamily properties. Parking is convenient, with carports for most units and garage/storage space for the 2-bedroom unit. The property is situated in a residential neighborhood with easy access to local conveniences. Tenants enjoy proximity to California State University, Stanislaus, Donnelly Park, shopping centers, schools, and Turlock’s dining and retail amenities, with straightforward access to Highway 99 for connections throughout the Central Valley. This property represents a strong investment opportunity with six updated units providing reliable in-place cash flow, while the two remaining units offer the potential for additional improvements and increased value over time. Please contact listing brokers for a complete marketing package: Tyler Clark | (925) 239-1424 | tclark@lee-associates.com | LIC# 01900784 Alex Peck | (925) 239-1414 | apeck@lee-associates.com | LIC# 01981426

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

042-25-02

ASK ABOUT THIS PROPERTY

Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

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Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

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