607 E Marshall St - Apartments FOR SALE


Turlock, CA 95380
$1,799,500 USD
209-447-5533
607 E Marshall St, Turlock, CA for Sale
$1,799,500 USD
Apartments - FOR SALE
1/9
null | 5.41% Cap Rate

607 E Marshall St
Turlock, CA 95380


HIGHLIGHTS

  • Eight (8) standalone townhome-style units offering spacious floorplans and the privacy of single-family living.
  • Seven (7) of the eight (8) units renovated with new tile & LVT, carpet, updated bathrooms, along with fresh interior paint, new blinds, stoves & more
  • Situated less than half a mile from Downtown Turlock , the property offers convenient access to California State University, Stanislaus, and HWY 9

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,799,500 USD

PRICE/SF

$314 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,938

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Marshall Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM, Turlock

APN/PARCEL ID

061-28-55

ASK ABOUT THIS PROPERTY

Jason ReisingColliersMore Info
209-447-5533

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

Jason ReisingColliersMore Info
209-447-5533

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