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391 E Olive Ave
Turlock, CA 95380
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 4,310 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1928 |
| Zoning | MF - Multifamily | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,310 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | MF - Multifamily |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Oven
- Range
- Tub/Shower
- Yard
- Lawn
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Online Services
- Individual Locking Bedrooms
- Walk-Up
- Smoke Detector
ABOUT 391 E OLIVE AVE , TURLOCK, CA 95380
Great Downtown location, close to 4 banks, and a number of restaurants. Downtown is being revitalized with a number of new eating establishments and City Hall moving downtown a short number of years ago. These 8 units are 1 bedroom, 1 bath 2 story, units were gutted in the 80's with new plumbing, electrical and insulation. Complete with Refrigerator and stove. Window Heat pump/AC system. Some units have Nat Gas Water heaters and stove, others have electric. 3 car garage, patio and coin laundry. Income $57,600 with current expenses being $7517.50. Current taxes are $1938.00 per year and are included in total. Current net operating income is $57,300. Rents are $625.00 on 6 units and $600.00 on the remaining 2. Current Cap rate is based on current fixed expenses. North West corner of E. Olive and Thor St. In Turlock, CA
PROPERTY TAXES
| Parcel Number | 061-24-59 | Improvements Assessment | $874,915 |
| Land Assessment | $65,616 | Total Assessment | $940,531 |
PROPERTY TAXES
