Pro Forma CAP Rate: 7.97% | Rentable SF: 52,260 | Price/Rentable SF: $154 | Price/Unit: $128,254 | Parcel Size: 103,673 SF (2.38 AC) | Year Built: 1987
High growth rental market with rapid population expansion and Cal State Stanislaus nearby.
Portfolio sale of three separate properties, each on its own distinct parcel allowing potential future upside through individual sale.
Strong unit mix with forty-four, two-bedroom/1-bath single level floorplans of approximately 750 square feet and nineteen, three-bedroom/one and a half townhouse style floorplans of approximately 1,020 square feet.
Great intrinsic value of $154 per square foot and $128,254 per unit (with huge floorplans).
Separately metered for PG&E with onsite laundry for Turtle Creek I, and in-unit washer dryer hook-ups for Turtle Creek II and Turtle Creek Townhomes.