6500 Jackson Ave - Apartments FOR SALE


Riverbank, CA 95367- South Riverbank
$8,950,000 USD
209-481-5438
6500 Jackson Ave, Riverbank, CA for Sale
$8,950,000 USD
Apartments - FOR SALE
1/28
null | 6.01% Cap Rate

6500 Jackson Ave
Riverbank, CA 95367
South Riverbank


OVERVIEW

The River Bluff Apartments at 6500 Jackson Avenue in Riverbank, CA offer a rare chance to acquire a 69-unit multifamily community in one of Stanislaus County's most competitive rental markets. Spanning 7.6 acres with over 52,142 square feet, the property consists of eight residential buildings with a strong mix of one- and two- bedroom units , including 32 town home- style layouts that appeal to a wide range of tenants. Originally built in 1972 /1976, the property has received significant upgrades over the last 10 years, including electrical panels, HVAC units, washing machines, roofs, windows, and exterior paint. These improvements reduce near-term capital needs and support stable operations while positioning the asset for long-term performance. Conveniently located near Modesto, schools, retail centers, and major transportation corridors, River Bluff benefits from strong tenant demand and minimal vacancy risk. With steady population growth, expanding retail developments, and new residential projects in the region, the demand for affordable housing options continues to rise. Against th is backdrop of economic expansion, the property offers investors a compelling opportunity that combines scale, stability and future upside in the Central Valley market.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

69

PRICE/UNIT

$129,710

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Bluff Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,195 SF

ZONING

-

APN/PARCEL ID

075-09-01

ASK ABOUT THIS PROPERTY

Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-481-5438

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Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-481-5438

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