$750,000
$775,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 08/31/2022
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222072657
Sold Date 08/31/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1995
Lot Size 0.270 Acres
Acres 0.27
Property Description
We're pleased to present an attractive multifamily investment opportunity located at 801 Mae St, 1000 & 1002 South Avenue in Turlock. The triplex property has a one freestanding unit (801 Mae St) and one attached unit (1000 & 1002 South Ave). Each unit is a spacious 3x2.5 two story townhome unit with washer dryer hookups, private garage and fenced backyard. The buildings were built by the current owner in 1995 and total 4,985 total rentable square feet, situated on a single 11,761 SF parcel (APN: 050-007-052). The Mae Street and South Avenue Triplex offers a new owner with a less than 30 year old building that has been very well maintained, has 30% upside in rents and is located in a very tight rental market. Current rents are $1,400 (801 Mae), $1425 (1000 South) and $1400 (1002 South) for a total monthly gross of $4,225. Landlord pays W/S/G for 1000 and 1002 South while Tenant pays all utilities at 801 Mae St.
Location
State CA
County Stanislaus
Area 20304
Direction Head South on Lander Ave, take a right and head West on South Ave. Property is located on the southwest corner of South Ave and Mae St.
Interior
Heating Central
Cooling Central
Flooring Carpet, Vinyl
Laundry In Each Unit
Exterior
Garage Garage
Utilities Available Other
Water Access Desc Public
Total Parking Spaces 2
Building
Lot Description Corner
Story 2
Foundation Slab
Sewer Sewer Connected
Water Public
Schools
Elementary Schools Turlock Unified
Middle Schools Turlock Unified
High Schools Turlock Unified
School District Stanislaus
Others
Senior Community No
Tax ID 050-007-52
Special Listing Condition None
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Bought with RE/MAX Executive