Average square foot calculated using Size range provided by listing agent.
Description
Welcome to the Locust Street Apartments, a well-positioned multifamily asset located in the heart of Turlock just off Main St. & Lander. The property consists of nine 1-bedroom, 1-bathroom units situated on 0.48 acres, offering both stability and upside potential. The owner has fully remodeled seven of the nine units, with upgrades including tile flooring, granite countertops, new shower surrounds, and other modern finishes, while the remaining two units have been partially renovated. With a long- term, stable tenant base with an average of over five years of residency, this turnkey property provides reliable cash flow. Additionally, current lease rates are approximately 18% below market, ensuring strong rent growth potential and maximizing returns for the foreseeable future.Show Description
MLS® Number225120149
Laundry LevelIn Each Unit
Central VacNo
FireplaceNo
Acreage0.4821
Exterior
GarageNo
Approx. Age1960
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/C
Heating Fuel
Extras
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