1109 Alpha Rd - Apartments FOR SALE


Turlock, CA 95380- Chemurgic
$1,650,000 USD
209-401-9085
1109 Alpha Rd, Turlock, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/9
null | 6.32% Cap Rate

1109 Alpha Rd
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Excellent opportunity for an investor to purchase a stabilized apartment asset in a competitive “College Town” market with low vacancy & rising rents.
  • Major recent capital expenditures include a new roof, HVACs, exterior stucco & paint, dual-pane windows, exterior fencing and landscaping.
  • Attractive in-place 6%+ cap rate and priced below replacement cost.
  • Spacious Two and Three Bedroom units that have been recently renovated.

OVERVIEW

Situated in the heart of Turlock, California, 1109 Alpha Road offers an exceptional opportunity for either first time or experienced investors. The property consists of a total of eight (8) units, including seven (7) two-bedroom apartments (ranging from approx. 650 & 864 sq. ft. each) and one (1) three-bedroom apartment (approx. 1,128 sq. ft. each). Each unit has been recently renovated to meet modern living standards, with energy-efficient dual-pane windows, central heat and air systems and updated interiors. Ownership has made considerable investments to ensure the property is in excellent condition, including a new roof, new exterior stucco and paint, and modernized HVAC systems. These upgrades provide long-term value and reduce future maintenance costs. Located in a rapidly growing region, Turlock’s vibrant community and proximity to educational institutions, cultural amenities, and recreational activities make this property a highly attractive rental option for tenants. With its appealing location and enhanced amenities, 1109 Alpha Road represents a strong and stable investment in a dynamic and evolving market. This is an opportunity to acquire a high-demand asset in one of California’s most promising growth areas at a competitive price point, offering both immediate returns and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,250

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,235 SF

ZONING

RL, Turlock

APN/PARCEL ID

043-29-25

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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