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2004 Pleasant Ave
Ceres, CA 95307
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,912 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 5,912 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
SITE AMENITIES
- Recycling
ABOUT 2004 PLEASANT AVE , CERES, CA 95307
This is an 8 unit property with four separate buildings and is situated within a half mile of Highway 99. The property has two duplexes, one triplex, and one single family home. Each unit is a 2-bedroom, 1-bath and comes equipped with in-unit washer and dryer hookups. Tenants are within half a mile of Don Pedro Elementary School, Central Valley High School, and have a local grocery store within walking distance. The City of Ceres is well located and provides residents with easy access to the valley's main corridor, Highway 99, and offers a quaint Downtown with local shops and restaurants. Rents on this property are approximately 20% below market. When combined with utility bill back opportunity, this property offers significant buyer upside. This is a great, well-priced opportunity for an investor looking to grow their multifamily portfolio. CAP RATE IS PROFORMA
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 739 |
PROPERTY TAXES
| Parcel Number | 127-29-39 | Improvements Assessment | $787,423 |
| Land Assessment | $109,363 | Total Assessment | $896,786 |
PROPERTY TAXES
