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556 Vermont Ave 10 Unit Apartment Building $2,899,900 ($289,990/Unit) 4.68% Cap Rate Turlock, CA 95380
Executive Summary
Exceptional 10-unit townhouse-style apartment complex built in 2004 featuring all 2-bedroom, 1.5-bath units of approximately 1,160 sq. ft. each. Each unit offers in-unit laundry, A/C, and private 1-car garages. The property showcases stucco exteriors, tile roofs, and has been well maintained. Total living area of 11,600 sq. ft. on a 31,957 sq. ft. lot with 26 total parking spaces including garages. Located in a quiet residential area surrounded by single-family homes, just minutes from Historic Downtown Turlock, shopping, restaurants, and nightlife. A turnkey multifamily investment offering steady income and strong rental demand in a growing Central Valley market.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$240,000
|
$20.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$240,000
|
$20.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,697
|
$4.20
|
| Net Operating Income |
$191,303
|
$16.49
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $20.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $20.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,697 |
| Annual Per SF | $4.20 |
| Net Operating Income | |
|---|---|
| Annual | $191,303 |
| Annual Per SF | $16.49 |
Property Facts
| Price | $2,899,900 | Building Class | C |
| Price Per Unit | $289,990 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 11,600 SF |
| Cap Rate | 4.68% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | RH, Turlock - R-3 | ||
| Price | $2,899,900 |
| Price Per Unit | $289,990 |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 1.9/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RH, Turlock - R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | - | 1,160 |
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Property Taxes
| Parcel Number | 050-29-52 | Improvements Assessment | $1,003,986 |
| Land Assessment | $166,464 | Total Assessment | $1,170,450 |
Property Taxes
Parcel Number
050-29-52
Land Assessment
$166,464
Improvements Assessment
$1,003,986
Total Assessment
$1,170,450
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556 Vermont Ave
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