215 Semple St - Apartments FOR SALE


Modesto, CA 95354
$575,000 USD
209-401-9085
215 Semple St, Modesto, CA for Sale
$575,000 USD
Apartments - FOR SALE
1/9
null | 6.1% Cap Rate

215 Semple St
Modesto, CA 95354


HIGHLIGHTS

  • Excellent opportunity for first time buyer in sought after rental market.
  • Recently remodeled units.
  • Large 1-Bedroom and 2-Bedroom floorplans.
  • 100% occupied with long term tenants.
  • Onsite, private parking and secure entryway.

OVERVIEW

Colliers Central Valley Investment Team is pleased to present the Semple Street Apartments, a five (5) unit apartment complex located in Modesto, California. The property provides an investor a unique opportunity to own an apartment complex with a stabilized cash flowing investment property near many daily needs and other retail use. The apartment complex is comprised of three (3) 1-bedroom, 1-bathroom units, ranging from approximately 600 SF to 750 SF and two (2), 2-bedroom, 2-bathroom units that are approximately 900 SF. The complex has a secure entry to each of the units and onsite parking behind the building. Nearby amenities include the Gallo Center for the Arts, Smart & Final, Modesto Children's Museum, and many other downtown dining and entertainment options.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

5

PRICE/UNIT

$115,000

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-2

APN/PARCEL ID

111-07-31

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.