$250,000 PRICE CUT!! | 7.11% CURRENT CAP! 1036 N Olive Ave 8 Unité Immeuble d’appartements 1 777 165 $ CAD (222 146 $ CAD/Unité) 7,11% Taux de capitalisation Turlock, CA 95380

NEW PRICE!!! $250,000 REDUCTION! | NOW $1,300,000!! | 7.11% CURRENT CAP RATE! | NEW EXTERIOR PAINT!
Lee & Associates is pleased to present 1036 N Olive Avenue in Turlock, CA. This 8-unit multifamily property offers immediate rental income and long-term potential. The property consists of seven (7) 1-bed/1-bath units and one (1) 2-bed/1-bath unit, spread across four (4) separate buildings on over half an acre.
Six of the eight units have been recently renovated, including updated flooring, kitchens, and bathrooms, providing a solid foundation for steady cash flow. Each unit is separately metered for gas and electricity, includes washer/dryer hookups, and offers private yard space, a rare amenity in multifamily properties. Parking is convenient, with carports for most units and garage/storage space for the 2-bedroom unit.
The property is situated in a residential neighborhood with easy access to local conveniences. Tenants enjoy proximity to California State University, Stanislaus, Donnelly Park, shopping centers, schools, and Turlock’s dining and retail amenities, with straightforward access to Highway 99 for connections throughout the Central Valley.
This property represents a strong investment opportunity with six updated units providing reliable in-place cash flow, while the two remaining units offer the potential for additional improvements and increased value over time.
Please contact listing brokers for a complete marketing package:
Tyler Clark | (925) 239-1424 | tclark@lee-associates.com | LIC# 01900784
Alex Peck | (925) 239-1414 | apeck@lee-associates.com | LIC# 01981426