Historical Multifamily Sale Listing - 100% Occupied-All 2bed-Immaculate-Condition

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Manteca, CA or California

100% Occupied-All 2bed-Immaculate-Condition

111 North Walnut Avenue, Manteca, CA 95337

N/A

10 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
10
Building Size:
9,070 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.62%
Gross Rent Multiplier:
9.72
Occupancy:
100%
Listing ID
17335547
Last Updated
over 1 year ago

Highlights

  • 1985 Construction in Impeccable condition!
  • All Large 907-Square Foot Two-Bedroom/One-Bath Units
  • Extremely Well Maintained Property in a Great Location
  • Double pane windows, new paint, new roof
  • Separately Metered for Gas and Electricity
  • 9.59% Return on Current Income and Expenses

Description

The Walnut Grove Apartments located at 111 North Walnut Avenue is a pride of ownership, immaculately kept 10-unit apartment complex located in the desirable Central Valley location of Manteca, California. The improvements consist of 10, two-bedroom/one-bath units averaging 907 square feet, which are separately metered for gas and electricity. Units feature gas wall heaters, individual wall mount air conditioners, electric stoves, frost free refrigerators, and tiled shower and tub enclosures. Tenants benefit from a wide range of amenities including garbage disposals, dishwashers, ceiling fans and air conditioners.

The complex is situated on a large 16,553-square foot parcel and features clean, well-kept grounds, 20 car parking (10 covered and 10 uncovered), and mature yet minimal landscaping. Construction is of wood frame with wood siding on a concrete slab foundation. The building and grounds have undergone many new improvements including a resurfaced parking lot, a new pitched composite roof in 2007, new 40 gallon hot water heaters in most units and newer double pane windows in all units. There are two washers and two dryers on the property, owned by the landlord.

Map of 111 North Walnut Avenue, Manteca, CA 95337 (San Joaquin County)

Research for 111 North Walnut Avenue, Manteca, CA 95337 (San Joaquin County)

  • Demographics – Population, income & other demographics near 111 North Walnut Avenue
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building