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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$1,870,000

Est. payment - /mo

4,287 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,287 sqft

Price per Sqft $436

MLS Listing ID 226034517

HOA Y/N No

Year Built 1983

Lot Size 1.370 Acres

Acres 1.37

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

871-897 Vermont Avenue is a diversified multifamily investment opportunity located in Turlock. The property consists of nineteen (19) income-producing units, including nine (9) 2-bedroom/1-bath units, one (1) 1-bedroom/1-bath unit, and nine (9) trailer home stalls, offering a balanced mix of traditional multifamily and land-lease income streams. Situated on approximately 1.34 acres, the property provides strong in-place cash flow with additional upside potential. Constructed in 1979-1983, the apartment units have been well maintained, with nine of the ten units extensively remodeled between 2019 and 2020. Renovations include modernized interiors, while all units feature central heating and air conditioning. The property also includes an on-site coin-operated laundry facility and six (6) personal storage closets, presenting additional income opportunities. With both unit and trailer stall rents currently below market levels, investors have a clear path to increasing net operating income through mark to market rent adjustments. The diversified unit mix and multiple income streams make it an attractive option for investors seeking both stability and growth.

Location

State CA

County Stanislaus

Area 20304

Direction Vermont Ave to address

Interior

Heating Natural Gas

Cooling Central

Flooring Varies by Unit

Appliance Free Standing Electric Oven

Laundry In Common Area

Exterior

Parking Features See Remarks

Utilities Available Other

Water Access Desc See Remarks

Building

Lot Description Other

Story 1

Foundation SeeRemarks

Sewer See Remarks

Water See Remarks

Level or Stories One

Schools

Elementary Schools Turlock Unified

Middle Schools Turlock Unified

High Schools Turlock Unified

School District Stanislaus

Others

Senior Community No

Tax ID 050-035-004-000

Special Listing Condition None

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Listed by PMZ Commercial Real Estate

Nearby School & Business

Homes Availalbe by Area

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage CA DRE#02212763

871 Vermont AVE Turlock, CA 95380

Realty Point, Inc.

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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