Historical Multifamily Sale Listing - Harvest Court

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Harvest Court

800 Geer Road, Turlock, CA 95380

N/A

29 Units | Multifamily

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Multifamily Property - Off Market

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

Highlights

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

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.

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

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Created 4/12/2012