861-869 N Mitchell Ave - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$2,550,000 USD
209-475-5118
861-869 N Mitchell Ave, Turlock, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/9
null | 5.83% Cap Rate

861-869 N Mitchell Ave
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Unique opportunity to own a 1989 year built apartment complex, priced substantially below replacement cost.
  • Over $18,000 monthly gross makes this and ideal income generating investment property.
  • All two (2) bedroom, two (2) bath 1,000 SF units. Garages and tenant storage available.
  • Secure gated front and rear entry provide tenants with a safe, secure living environment.
  • Near Canal Drive, a major East/West corridor in Turlock, close to daily need shopping and access to HWY 99.

OVERVIEW

Situated in the heart of Turlock, California, 865 N. Mitchell Ave offers and exceptional opportunity to either first or experience investors. The property consist of Ten (10) units, all two (2) bedroom, two (2) bathrooms, each approximately 1,000 SF in size. Tenants enjoy private garage and storage, along with gated access Ownership has made considerable investments to ensure the property is in excellent condition. These upgrades provide long-term value and reduce future maintenance costs. Located in a rapidly growing region, Turlock’s vibrant community and proximity to educational institutions, cultural amenities, and recreational activities make this property a highly attractive rental option for tenants. With its appealing location and enhanced amenities, 865 N. Mitchell represents a strong and stable investment in a dynamic and evolving market. This is an opportunity to acquire a high-demand asset in one of California’s most promising growth areas at a competitive price point, offering both immediate returns and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

10

PRICE/UNIT

$255,000

CAP RATE

5.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

042-24-15

ASK ABOUT THIS PROPERTY

Adam LucatelloColliersMore Info
209-475-5118

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Adam LucatelloColliersMore Info
209-475-5118

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