2942 Sierra St - Apartments FOR SALE


Riverbank, CA 95367- South Riverbank
$3,200,000 USD
209-765-7585
2942 Sierra St, Riverbank, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2942 Sierra St
Riverbank, CA 95367
South Riverbank


HIGHLIGHTS

  • Well Maintaned
  • Laundry Facility Income
  • On-Site Property Mgmt
  • Central Heat & Air
  • Strong Property Mgmt

OVERVIEW

Discover a strong investment in this well-maintained 18-unit apartment complex featuring 2 bedroom/1 bath units all with central HVAC. With stable income from long-term tenants, laundry facility, plus on-site mgr, this property offers hassle-free ownership. Updated cabinets and countertops were added to each unit within the last 5-7 years, enhancing tenant satisfaction. Seller has made significant investments over the past year plus placed the property with a strong property management company thereby improving operations. Strong upside potential as rents systematically increase through annual increases or tenant turnover. Situated in a convenient location with easy access to amenities, this complex presents an enticing opportunity for both seasoned investors and newcomers to the real estate market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

18

PRICE/UNIT

$177,778

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

132-22-11

ASK ABOUT THIS PROPERTY

Maria Vieira-LeeRE/MAX ExecutiveMore Info
209-765-7585

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Maria Vieira-LeeRE/MAX ExecutiveMore Info
209-765-7585

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