1002 Geer Rd - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$3,750,000 USD
916-937-0012
1002 Geer Rd, Turlock, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/14
null | 5.87% Cap Rate

1002 Geer Rd
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Gated Community with 88% of Units Upgraded 
  • 59% of Units 2 bedroom 1.5 Bath Townhouse Style
  • Located 1.5 Miles From CSU- Stanislaus
  • Flat/Pitched Roofs With Wood/Brick Exteriors
  • Tuck Under and Reserved On-Site Parking
  • Select units with Backyards/Patios

OVERVIEW

Please go the the following website to access more information. Property Website https://properties.expcommercial.com/1002-geer-rd-turlock-sale Access OM https://buildout.com/sharing/1002-geer-rd-turlock-sale?file=3659223 PROPERTY DESCRIPTION The Mejia Realty Group at eXp Commercial is pleased to present The Bee Apartments in Turlock, CA. Built in approximately 1940, this gated 17-unit property features a unit mix that includes one (1) large 4 bedroom, 1 bathroom 1,660 SF house, one (1) 300 SF studio, ?ve (5) 500 SF 1-bedroom 1 bath units, and ten (10) 750 SF 2-bedroom, 1.5-bath units townhouse style units (Buyer to verify SF). The property boasts combination of ?at and pitched roofs as well as wood and brick exteriors. The ?at roofs were redone with a silicone sealant approximately four years ago. Additionally, the property features partial dual pane windows, tuck under parking, on-site reserved parking, wall heat and air, and select units have backyards/patios. Ownership has upgraded 88% of the units since taking over ownership in 2017. Select units have laminate vinyl plank or tile ?ooring, granite countertops, ceiling fans, and majority of units have dishwashers.  LOCATION DESCRIPTION The Bee Apartments is located in Turlock, the heart of California's Central Valley. The location offers a strategic position between the San Francisco Bay Area (1.5 Hours) and the Sierra Nevada mountains offering perfect blend of urban convenience and small-town charm. Residents enjoy easy access to the downtown district, local dining and shopping venues, and schools. The nearby California State University, Stanislaus (1.5 miles) provides a steady demand for housing, making the area highly attractive for multifamily investment opportunities. Residents also enjoy the property's close proximity to Highway 99 (2 miles), a major transportation artery that provides convenient access to key regional and statewide destinations. With its attractive unit mix and its strong rent collections, this opportunity provides a new Buyer with steady cash ?ow and long term appreciation in a high demand rental market. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY WITH PROOF OF FUNDS. PLEASE CONSULT LA FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

17

PRICE/UNIT

$220,588

CAP RATE

5.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R-3; R-5

APN/PARCEL ID

042-22-81

ASK ABOUT THIS PROPERTY

Luis MejiaMejia Realty Group at eXp CommercialMore Info
916-937-0012

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Luis MejiaMejia Realty Group at eXp CommercialMore Info
916-937-0012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.