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Listed by Jennifer Collins, DRE #01396269 • Compass
$ 900,000
Est. payment /mo
New
228 Elm Ave Manteca, CA 95336
8 Beds
4 Baths
3,120 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $288
MLS Listing ID CC41140129
Bedrooms 8
Year Built 1994
Lot Size 8,250 Sqft
Property Sub-Type Fourplex
Source Contra Costa Association of Realtors
Property Description
Rare fourplex investment opportunity in East Manteca. Built in 1994, this 3,120 sq ft four-unit property offers four 2 bedroom, 1 bath units, two upstairs and two downstairs, each with its own private garage. Three units are currently occupied on month-to-month terms at rents below current market, and one unit is vacant, giving a buyer immediate flexibility to live in one unit while renting the other three, or to step in and reposition the whole property at market rents from day one. Recent updates in the vacant unit include fresh interior paint, new carpet, and new lighting. Location is East Manteca, walking distance to multiple shopping centers, with easy access to Highway 99, Highway 120, and Kaiser Permanente Manteca. This is a true value-add play for the seasoned investor looking to bring rents to market, the new investor wanting an entry-level multifamily asset, or an owner-occupant who wants to live in one unit, fix it up further, and let tenant income help cover the mortgage. This property is full of opportunity and flexibility!
Location
State CA
County San Joaquin
Area Other Area
Interior
Heating Forced Air
Cooling Other
Flooring Linoleum, Vinyl, Carpet - Wall to Wall
Laundry None
Exterior
Exterior Feature Siding - Wood
Parking Features Enclosed, Spaces per Unit - >1
Garage Spaces 8.0
Building
Lot Description Grade - Level
Others
Tax ID 217-200-050000
Special Listing Condition New, Not Applicable
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