800 Geer Road
Turlock, CA 95380 ·
29 Units · Multifamily For Sale
|Price||N/A||Gross Rent Multiplier||6.45|
|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|
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.
- 58% 2 Bedroom 1 bathroom floor plans
- Excellent street visibility
- Full dual pane windows, central heat and air
- Priced significantly below replacement cost
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.