11350 N State Route 99 E Frontage Rd - Apartments FOR SALE


Lodi, CA 95240
$1,100,000 USD
209-401-9085
11350 N State Route 99 E Frontage Rd, Lodi, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/11
null | 6.4% Cap Rate

11350 N State Route 99 E Frontage Rd
Lodi, CA 95240


HIGHLIGHTS

  • Fully remodeled, individual units.
  • Excess land provides quality common area for tenants.
  • An approximately 2,000 square foot commercial / warehouse building.
  • Warehouse Unit - improvements include new electrical box (2022), LED lighting, and electrical outlets.
  • Modern unit amenities (fully remodeled in 2017-2018).
  • Located in the highly desirable town of Lodi, in the middle of wine country.

OVERVIEW

The Offering Colliers International’s Central Valley Investment Team is proud to present The Cabanas Living Community, located in the desirable town of Lodi, California. This offering presents investors with an excellent opportunity to acquire a seven (7) unit asset in a market that continues to experience strong rent growth and an increase in population. This asset allows an investor to continue to add value in this bustling market. The Properties The Cabanas Living Community is situated on ±1.12 acres of land and is comprised of six (6) individual homes and one (1) large, commercial/warehouse building. Of the six individual homes, three of them are one-bedroom / one-bath units; two are two-bedroom / one-bath units, and one unit is a two-bedroom / two-bath unit. All home units have been fully remodeled and all units are loaded with amenities, such as; private backyards, washer/dryer hookups, private parking, ceiling fans, dual-pane windows, granite counter tops, wall-to-wall tile, security doors, dishwashers, garbage disposals, new roof, new siding, all new cabinetry, all new bath/kitchen fixtures, and much more. The commercial/warehouse building is approximately 2,000 square feet in size. With approximately 1.12 acres of land, the access land provides an investor with additional options, in the future, to add to the site’s ability to generate cash flow.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

7

PRICE/UNIT

$157,143

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cabanas Living Community

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

AG-40

APN/PARCEL ID

059-260-71

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 Policy.