2600 W Rumble Rd - Apartments FOR SALE


Modesto, CA 95350
$8,495,000 USD
916-677-9090
2600 W Rumble Rd, Modesto, CA for Sale
$8,495,000 USD
Apartments - FOR SALE
1/8
null | 5.58% Cap Rate

2600 W Rumble Rd
Modesto, CA 95350


HIGHLIGHTS

  • Brand new construction
  • Fenced and secure with covered parking
  • Priced below replacement cost

OVERVIEW

** Second Major Price Improvement** Discover the allure of this brand-new 35-unit apartment complex in North Modesto, situated in a tranquil residential enclave. With a mix of 29 1-bedroom, 1-bath units and 6 studios, each residence is equipped with top-of-the-line Samsung split air units, sleek hard surface flooring, luxurious granite countertops, stainless steel appliances, and the convenience of an in-unit washer/dryer. Experience peace of mind with the subject property's fully secured access, abundant covered parking spaces, and inviting outdoor recreational areas. Unlock the potential of this 55 and over market-rate apartment complex, offering a prime opportunity for a lucrative return on investment in a desirable location. Inquire with agent regarding other properties for a potential portfolio sale: https://www.loopnet.com/Listing/1406-Leonard-Ave-Modesto-CA/31600959/ https://www.loopnet.com/Listing/140-E-Orangeburg-Ave-Modesto-CA/31623532/ https://www.loopnet.com/Listing/243-Gilbert-Ave-Oakdale-CA/31623811/

FOR SALE DETAILS

PRICE

$8,495,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

35

PRICE/UNIT

$242,714

CAP RATE

5.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,837 SF

ZONING

-

APN/PARCEL ID

005-37-33

ASK ABOUT THIS PROPERTY

Jason WinterRand Commercial PropertiesMore Info
916-677-9090

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Jason WinterRand Commercial PropertiesMore Info
916-677-9090

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