871 Vermont Ave - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$2,145,000 USD
209-345-8209
871 Vermont Ave, Turlock, CA for Sale
$2,145,000 USD
Apartments - FOR SALE
1/15
null | 6.23% Cap Rate

871 Vermont Ave
Turlock, CA 95380
Chemurgic


OVERVIEW

PMZ Commercial is pleased to present 871-897 Vermont Avenue, a diversified multifamily investment opportunity located in Turlock. The property consists of nineteen (19) income-producing units, including nine (9) 2-bedroom/1-bath units, one (1) 1-bedroom/1-bath unit, and nine (9) trailer home stalls, offering a balanced mix of traditional multifamily and land-lease income streams. Situated on approximately 1.34 acres, the property provides strong in-place cash flow with additional upside potential. Constructed in 1979-1983, the apartment units have been well maintained, with nine of the ten units extensively remodeled between 2019 and 2020. Renovations include modernized interiors, while all units feature central heating and air conditioning. The property also includes an on-site coin-operated laundry facility and six (6) personal storage closets, presenting additional income opportunities. With both unit and trailer stall rents currently below market levels, investors have a clear path to increasing net operating income through mark to market rent adjustments. The diversified unit mix and multiple income streams make it an attractive option for investors seeking both stability and growth.

FOR SALE DETAILS

PRICE

$2,145,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

19

PRICE/UNIT

$112,895

CAP RATE

6.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

050-35-11

ASK ABOUT THIS PROPERTY

Jordan AmarantPMZ CommercialMore Info
209-345-8209

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Jordan AmarantPMZ CommercialMore Info
209-345-8209

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