2523 5th St
Ceres, CA 95307
Multifamily Property For Sale · 11 Units

NAI Northern California is pleased to present the opportunity to acquire an 11-unit garden-style community located in Ceres, CA. The property consists of 8 1-bedrooms 1-bath units, 2 1-bedroom 1-bath units in a separate duplex, and a house with 2 bedrooms and 1 bathroom. The current rent for the 2-bedroom and 1-bath unit is $900 whereas the average achieved market rent is $1,200 for 2-bedroom units. The property is 5 minutes away from downtown Ceres. The property is a 10 minute commute to Modesto to the North and a 5 minute commute to Turlock to the South. Ceres is located along State Route 99 in Stanislaus County just south of Modesto and North of Turlock. Ceres is bordered to the west by Interstate 5 and Interstate 580 providing easy access to the Bay Area and other Central Valley cities. The property is located in the Ceres Unified School District and is surrounded by a number of highly rated schools, such as Ceres High School and Walter White School. In addition, California State University Stanislaus, Modesto Junior College, and the Petersen Alternative Center for Education are less than 10 miles away. Residents also enjoy the proximity of eleven parks in Ceres including Ceres River Bluff Regional Park a family-friendly park with a playground, recreation fields and the River Oaks Golf Course next door. The Altamont Corridor Express commuter rail train service will be extended to a new station in Ceres by 2023.