HIGHLIGHTS
- Seven spacious 3-bed/2-bath units, and one 2-bed/2-bath townhouse unit, each with an attached garage, a rare offering in Turlock.
- Current average rents of $1,176 with market rents at $1,950, offering 66% upside and approximately $74,000/year in additional GPR.
- Large layouts with private fenced patios on over half an acre, ideal for long-term rental demand and value-add potential.
OVERVIEW
Seven spacious 3-bed/2-bath units, and one 2-bed/2-bath townhouse unit, each with an attached garage, a rare offering in Turlock.
Current average rents of $1,176 with market rents at $1,950, offering 66% upside and approximately $74,000/year in additional GPR.
Large layouts with private fenced patios on over half an acre, ideal for long-term rental demand and value-add potential.
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$134 USD /SF
# OF UNITS
8
PRICE/UNIT
$200,000
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Palm Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2003
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,686 SF
ZONING
-
APN/PARCEL ID
042-13-40,042-13-41
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209-447-5533
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209-447-5533
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