127-129 N Locust Ave | Ripon, CA 95366
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127-129 N Locust Ave
Ripon, CA 95366
10-Unit Ripon Apartment Complex · Multifamily Property For Sale
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10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 8,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Zoning | C, Ripon | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,500 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | C, Ripon |
ABOUT 127-129 N LOCUST AVE , RIPON, CA 95366
Rare opportunity to acquire San Joaquin County 10-unit Apartment building Nine Units are 2/1 and One unit is 1/1 Very stable income with several long term tenants Current Annual Gross Rental Income of $101,436 Annual Income from laundry approx. $3,600 Excellent upside potential; round of rent increases scheduled for June Several units have been updated and all units are well maintained Located in the quiet community of Ripon
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 259-070-17 | Improvements Assessment | $1,199,269 |
| Land Assessment | $334,518 | Total Assessment | $1,533,787 |
PROPERTY TAXES
Parcel Number
259-070-17
Land Assessment
$334,518
Improvements Assessment
$1,199,269
Total Assessment
$1,533,787
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