1109 Alpha Rd | Turlock, CA 95380
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- LoopNet Team
1109 Alpha Rd
Turlock, CA 95380
The Alpha Road Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Excellent opportunity for an investor to purchase a stabilized apartment asset in a competitive “College Town” market with low vacancy & rising rents.
- Attractive in-place 8%+ cap rate and priced below replacement cost.
- Major recent capital expenditures include a new roof, HVACs, exterior stucco & paint, dual-pane windows, exterior fencing and landscaping.
- Spacious Two and Three Bedroom units that have been recently renovated.
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 6,748 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Zoning | RL, Turlock | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,748 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | RL, Turlock |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 1 | - | 1,128 |
| 2+1.5 | 3 | - | 864 |
| 2+1 | 2 | - | 864 |
PROPERTY TAXES
| Parcel Number | 043-29-25 | Improvements Assessment | $603,432 |
| Land Assessment | $223,686 | Total Assessment | $827,118 |
PROPERTY TAXES
Parcel Number
043-29-25
Land Assessment
$223,686
Improvements Assessment
$603,432
Total Assessment
$827,118
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