1625 Richland Ave | Ceres, CA 95307
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1625 Richland Ave
Ceres, CA 95307
Vineyard Apartments · Multifamily Property For Sale
·
212 Units
INVESTMENT HIGHLIGHTS
- Vineyard Apartments offers investors the opportunity to increase rental income by approximately 20% via interior and common area renovations.
- 60% of the units have been fully renovated (new cabinets, countertops, vanities, two-tone paint, appliances, etc.)
- Common Area Amenities Include: Two Swimming Pools, Five On-Site Laundry Rooms, Playground, Open and Covered Parking.
- Offered free & clear of debt and attractively priced at a 5.25% cap rate on cur rent operations/7.23% cap rate on pro forma operations.
- A desirable unit mix featuring charming single-story cottages as well as one, two, and three-bedroom apartments.
- A convenient location near Highway 99 and close to bus lines making for the commute within Ceres or to Modesto effortless.
PROPERTY FACTS
| No. Units | 212 | Building Size | 251,005 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | B | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 10.74 AC | ||
| Zoning | PC17, Ceres | ||
| No. Units | 212 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.74 AC |
| Building Size | 251,005 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | PC17, Ceres |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Laundry Service
- Package Service
- Storage Space
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 108 | - | 575 |
| 2+1 | 96 | - | 750 |
| 3+2 | 8 | - | 1,009 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,569,300 | |
| Land Assessment | $3,814,800 | Total Assessment | $37,384,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,814,800
Improvements Assessment
$33,569,300
Total Assessment
$37,384,100
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
