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
948 N. Olive Ave
Turlock, CA 95380
For Sale · $2,388,000
19,800 SF Building
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