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Listing 5 out of 14
$1,879,000 For Sale

111 N Walnut Ave
Manteca, CA 95337

10 units | Multi Family Home
16553 sq ft lot - MLS# 40793089
Property Photo
1/29

Description

10 Unit Apartment Building in the Heart of Manteca. Tenants walk to everything. Super clean and immaculate units with Granite Kitchens. 5.6% Cap Rate based on actual expenses including new tax rate based on list price, 5% management fee, utilities, maintenance, and insurance costs. Roof replaced with 30 Year Comp approx. 2006. All windows are dual pane per seller.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • Listing Price: $1,879,000
  • County/Area: San Joaquin County
  • Zip Code: 95337
  • Year Built: 1985
  • Age: 32
  • Sq.Ft.: 8,750 sq ft
  • Units: 10 units
  • # of Parking Spaces: 16
  • Acres: 16553 sq ft lot
  • Addtl Features Misc.: Wired For Cable TV
  • All Units Have: Dishwasher, Disposal, Oven Range Free Standing
  • Annual Gross Sched Inc: 109223
  • Annual Maint Exp: 7645
  • Annual Mgmt Exp: 7425
  • Annual Misc Inc: 2823
  • Annual Rent Inc: 150000
  • Annual Taxes: 21661
  • Annual Util Exp: 7645
  • Annual Vacancy: 4320
  • Apx Lot Sq Ft: 16766
  • Cooling: Ceiling Fan(S), Window/Wall Unit(S)
  • Exterior: Wood Siding
  • Flooring: Linoleum, Wall To Wall Carpeting
  • Gross Income: $152,823
  • Gross Oper Actual Inc: 148503
  • Heating: Wall Furnace
  • Laundry: Community Facility
  • Lot Description: Level
  • Net Oper Income: $109,223
  • On-Site Parking Desc: Covered Parking, Guest Parking
  • Operating Expenses: Insurance, Maintenance/Repair, Management
  • Roof: Composition Shingles
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 39280
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 2
  • Unit # 1 Parking Spaces: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit # 2 Parking Spaces: 1
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 2
  • Unit # 3 Parking Spaces: 1
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 2
  • Unit # 4 Parking Spaces: 1
  • Unit # 5 # Of Bathrooms: 1
  • Unit # 5 # Of Bedrooms: 2
  • Unit # 5 Parking Spaces: 1
  • Unit 1 # Units This Type?: 10
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Coldwell Banker Valley Central, David Ormonde

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Charles E. Wright

Commercial Real Estate & Investments
Commercial REALTOR®
Manteca, CA 94588
 510-867-8266
cwright.CRE@gmail.com

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Charles Wright | Charles E. Wright, Broker | 209-275-4633 | cwright.CRE@gmail.com 
Manteca, CA 95336
Copyright © 2016. Charles Wright, All Rights Reserved