4025-4065 Dale Rd - Apartments FOR SALE


Modesto, CA 95356- North Modesto | 
$2,200,000 USD
209-401-9085
4025-4065 Dale Rd, Modesto, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 5.4% Cap Rate

4025-4065 Dale Rd
Modesto, CA 95356
North Modesto


HIGHLIGHTS

  • Rare opportunity to acquire 10 townhome units, across two adjacent buildings, within the highly desirable 110 unit Vintage Grove Community.
  • Prime North Modesto location, just minutes from Vintage Faire Mall, Kaiser Hospital, Downtown Modesto, and Highway 99.
  • Built in 2008, featuring spacious 2 and 3-bedroom townhomes with upscale finishes and access to gated community amenities.

OVERVIEW

The Vintage Grove Townhomes is a unique opportunity to acquire 10-units within the luxurious and quiet Vintage Grove Community. This North Modesto location is one of the city’s most desirable areas and very close to such popular destinations as Vintage Faire Mall, Kaiser Hospital, Downtown Modesto, and just minutes away from Highway 99. The Vintage Grove Townhome Community consists of a total of 110 townhome units, where most of the townhomes within the community are individually owned. This rare opportunity provides an investor with the ability to acquire two adjacent buildings, each comprised of 5 units, for a total of 10 units. Amenities include a swimming pool, jacuzzi, gated entrance, well maintained and elegant grounds, and an abundance of manicured walkways and parking. The Vintage Grove Townhome Community is overseen by the Vintage Grove Townhomes Association and is professionally managed by a third party management company. Built in 2008, the offering consists of four large, 3-bedroom, 2.5-bath townhome units and six large, 2-bedroom, 2.5-bath townhome units. The spacious 3-bedroom units are 1,440 square feet, and the 2-bedroom units are 1,190 square feet. All units contain such desirable amenities as granite countertops, washer & dryer hookups, gas fireplaces, private patios, and much more.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vintage Grove Townhouses

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

PD-188 R3

APN/PARCEL ID

078-024-111-000

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 Notice.