The Marshall Cottages offer a well-maintained 8-unit multifamily investment located at 607 E. Marshall Street in Turlock. The property features a desirable unit mix of seven (7) two-bedroom/one-bath units (819 SF) and one (1) three-bedroom/one-bath unit (963 SF), providing spacious floorplans that appeal to long-term tenants in the local rental market. The property has been extensively renovated, with seven (7) of the eight (8) units receiving new flooring in living areas and bathrooms, fresh carpeting on stairs and upstairs bedrooms, and updated bathrooms with new vanities, sinks, mirrors, and fixtures.
Additional property-wide upgrades include new tile and luxury vinyl flooring, new blinds, stoves, heaters and thermostats, ceiling fans, updated light fixtures and hardware, smoke detectors, and motion-sensing security lights for patios and garages. Every unit also features washer and dryer hookups in its attached garage. a significant amenity that drives tenant retention in this submarket.
Conveniently located less than half a mile from Downtown Turlock, the property provides easy access to California State University, Stanislaus and the Highway 99, Offered at an asking price of $1,799,500, The Marshall Cottages present investors with a 5.41% cap rate in one of the Central Valley’s most stable rental markets.