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The Marshall Cottages 607 E Marshall St 8 Unit Apartment Building $1,799,500 ($224,938/Unit) 5.41% Cap Rate Turlock, CA 95380
Investment Highlights
- Eight (8) standalone townhome-style units offering spacious floorplans and the privacy of single-family living.
- Situated less than half a mile from Downtown Turlock , the property offers convenient access to California State University, Stanislaus, and HWY 9
- Seven (7) of the eight (8) units renovated with new tile & LVT, carpet, updated bathrooms, along with fresh interior paint, new blinds, stoves & more
Executive Summary
The Marshall Cottages offer a well-maintained 8-unit multifamily investment located at 607 E. Marshall Street in Turlock. The property features a desirable unit mix of seven (7) two-bedroom/one-bath units (819 SF) and one (1) three-bedroom/one-bath unit (963 SF), providing spacious floorplans that appeal to long-term tenants in the local rental market. The property has been extensively renovated, with seven (7) of the eight (8) units receiving new flooring in living areas and bathrooms, fresh carpeting on stairs and upstairs bedrooms, and updated bathrooms with new vanities, sinks, mirrors, and fixtures.
Additional property-wide upgrades include new tile and luxury vinyl flooring, new blinds, stoves, heaters and thermostats, ceiling fans, updated light fixtures and hardware, smoke detectors, and motion-sensing security lights for patios and garages. Every unit also features washer and dryer hookups in its attached garage. a significant amenity that drives tenant retention in this submarket.
Conveniently located less than half a mile from Downtown Turlock, the property provides easy access to California State University, Stanislaus and the Highway 99, Offered at an asking price of $1,799,500, The Marshall Cottages present investors with a 5.41% cap rate in one of the Central Valley’s most stable rental markets.
Additional property-wide upgrades include new tile and luxury vinyl flooring, new blinds, stoves, heaters and thermostats, ceiling fans, updated light fixtures and hardware, smoke detectors, and motion-sensing security lights for patios and garages. Every unit also features washer and dryer hookups in its attached garage. a significant amenity that drives tenant retention in this submarket.
Conveniently located less than half a mile from Downtown Turlock, the property provides easy access to California State University, Stanislaus and the Highway 99, Offered at an asking price of $1,799,500, The Marshall Cottages present investors with a 5.41% cap rate in one of the Central Valley’s most stable rental markets.
Property Facts
| Price | $1,799,500 | Apartment Style | Low-Rise |
| Price Per Unit | $224,938 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.41% | Building Size | 5,733 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | RM, Turlock | ||
| Price | $1,799,500 |
| Price Per Unit | $224,938 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,733 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RM, Turlock |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 061-28-55 | Improvements Assessment | $685,644 |
| Land Assessment | $227,323 | Total Assessment | $912,967 |
Property Taxes
Parcel Number
061-28-55
Land Assessment
$227,323
Improvements Assessment
$685,644
Total Assessment
$912,967
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The Marshall Cottages | 607 E Marshall St
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