This Multifamily Property is Off-Market.

800 Geer Road
Turlock, CA 95380 ·

29 Units · Multifamily For Sale

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Harvest Court

Price N/A Gross Rent Multiplier 6.45
No. Units 29 Occupancy 95%
Building Size 22,725 SF No. Stories 2
Property Type Multifamily Year Built 1970
Property Sub-type Garden/Low-Rise Lot Size 31,798 SF
Property Use Type Investment APN / Parcel ID 042-023-036
Cap Rate 8.21% Parking Ratio 0.96 / 1,000 SF
Listing ID: 17615426 Date Created: 04/12/2012 Last Updated: 07/02/2012

Description

Harvest Court represents an excellent opportunity to purchase a well cared for Apartment Building consisting of over 58% 2 Bedroom 1 bathroom units. The property features full dual pane windows, central heat and air, stucco exteriors and covered parking. There is a laundry room and some units feature separate patios. The property also has a history of strong occupancy and is currently 100% occupied.

The property is centrally located on Geer Road, a main North South thoroughfare and is in close proximity to shopping, public schools, Emanuel Medical Center, employment centers, public transportation and is within a 5 minute drive of I-99. The City of Turlock has a population of over 80,000 and a median income of just under $40,000 per person. It is also home to CSU Turlock, a liberal arts university, and part of the 23-campus California State University system. As of March 2005, CSU Stanislaus reported a student population of 6,192 undergraduate students.

Highlights

  • 58% 2 Bedroom 1 bathroom floor plans
  • Excellent street visibility
  • Full dual pane windows, central heat and air
  • Priced significantly below replacement cost

Research

800 Geer Road, Turlock, CA 95380 (Stanislaus County)

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