1625 Richland Ave - Apartments FOR SALE
Ceres, CA 95307 |
1625 Richland Ave
Ceres, CA 95307
HIGHLIGHTS
- Vineyard Apartments offers investors the opportunity to increase rental income by approximately 20% via interior and common area renovations.
- Offered free & clear of debt and attractively priced at a 5.25% cap rate on cur rent operations/7.23% cap rate on pro forma operations.
- 60% of the units have been fully renovated (new cabinets, countertops, vanities, two-tone paint, appliances, etc.)
- A desirable unit mix featuring charming single-story cottages as well as one, two, and three-bedroom apartments.
- Common Area Amenities Include: Two Swimming Pools, Five On-Site Laundry Rooms, Playground, Open and Covered Parking.
- A convenient location near Highway 99 and close to bus lines making for the commute within Ceres or to Modesto effortless.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Vineyard Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
251005
STORIES
2
YEAR BUILT
1979
PARKING SPACES
130
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
040-77-01,040-77-02
