The Villas at Monte Vista 1080 E Monte Vista Ave 11 Unit Apartment Building $2,650,000 ($240,909/Unit) 4.72% Cap Rate Turlock, CA 95382

Investment highlights
* Quiet 11-unit community of 2-BD/1.5-BA townhomes, each with a private fenced yard, covered patio, and full 2-car garage.
* Majority of units renovated to a luxury standard within the last six years, reducing near-term capital needs.
* Highly desirable east Turlock location less than one mile from CSU Stanislaus and 2.5 miles from Highway 99.
* Established Central Valley rental submarket with strong long-term demand and a current cap rate of 4.72%.
Property Description
The Villas at Monte Vista is an 11-unit community of individually addressed townhomes located at 1080 - 1180 E. Monte Vista Avenue in Turlock, California. Offered for the first time since its construction in 2004, the property has undergone a series of recent improvements, including a full exterior repaint, new vinyl perimeter and private yard fencing, and interior remodels completed as units turn over. With a current cap rate of 4.72%, The Villas presents an opportunity to acquire a well-located asset with meaningful upside to market rents.
Each of the eleven townhomes (approx. 1093 sq ft) offers two bedrooms and 1.5 bathrooms, a full kitchen, and separate dining and living areas, complemented by a private fenced yard, a covered patio, and a full two-car garage with washer/dryer hookups. The results is a homeownership-like living experience within a quiet, shaded, and private community--set in one of Turlock's most desirable neighborhoods, within a mile of California State University, Stanislaus, and minutes from shopping, dining, and Highway 99.