961 Wakefield Rd - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$2,500,000 USD
209-401-9085
961 Wakefield Rd, Turlock, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/7
null | 6.48% Cap Rate

961 Wakefield Rd
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Thirteen (13) unit apartment complex with spacious two bedroom townhome style units and one bedroom flats, located in Central Turlock.
  • Corner lot at Pioneer Avenue and Wakefield Road, just minutes from Downtown Turlock.
  • Below market rents with opportunity for loss to lease recapture and utility reimbursement.
  • Landscaped grounds, gated parking, and central courtyard.

OVERVIEW

The Central Valley Investment Team is proud to present Wakefield Apartments, a thirteen (13) unit multifamily property located at 961 Wakefield Road in Turlock, California. The complex includes ten (10) spacious two-bedroom townhome style units with private fenced yards and three (3) one-bedroom units. Residents benefit from a lush central courtyard, secure gated parking, and the potential for on-site laundry. Positioned on a professionally landscaped ±21,280 square foot lot with ±10,025 square feet of rentable space, the property offers immediate upside through loss to lease recapture and the potential to implement a utility reimbursement plan. All units are separately metered for gas and electricity, and the location just minutes from Downtown Turlock adds to its investment appeal.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

13

PRICE/UNIT

$192,308

CAP RATE

6.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wakefield Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

RH, Turlock

APN/PARCEL ID

042-18-47

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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