Details

Listing ID: 40992503
Price: $2,999,000
Price/SqFt: $391.00
Status: Active
Address: 2622 Roeding Rd
City: CERES
State: California
Postal Code: 95307
SqFt: 7,672
Acres: 0.620
County: Stanislaus
CERES
CA
95307
Well maintained 14 Units property in Ceres, CA. All 2 Bedroom & 1 Bath. 100% occupancy with steady rent increases. Most units were stylishly remodeled over the last 4 years. New roof and freshly paint outside. Each Unit has private washer & dryer hookup. Ground floor units have private yard to enjoy the California sunshine. Low maintained front yards in common area and 14 carports. This property offers a variety of different benefits for residents such as close proximity to highway 99, grocery, shopping center and Ceres top rated schools. Rare opportunity for investors. Recent rent leases signed at $1750/month.

Primary Features

Property Type: Residential Income
Property Sub Type: OTHER
County: Stanislaus
Price/SqFt: 391
Year Built: 1983

Additional

Additional Equipment: Other, See Remarks, All Public Utilities, Internet Available, Individual Electric Meter, Individual Gas Meter
Additional Miscellaneous Features: Other
Age: 39
Source: Assessor Auto-Fill
Total Units: 14

Financial Details

Annual Expense Year: 22653
Annual Gross Fee Income: 184120
Annual Gross Scheduled Income: 184120
Annual Insurance Expense: 4158
Annual Maintance Expense: 6024
Annual Management Expense: 10913
Annual Rental Income: 184120
Annual Taxes: 15839
Annual Total Operating Expense: 22653
Annual Utility Expense: 462
City Transfer Tax: no
Disclosures: Owner is Lic Real Est Agt
Existing Lease Terms: Month to Month, Other, Security Deposit
Financial Data Source: Other, Owner, Property Manager
Other Annual Expense: 5260
Point of Sale Ordinance: no
Possession: COE, Negotiable
Special Information: None
Tenant Pays: Cable TV, Electric, Gas
Terms: Cash, Conventional, 1031 Exchange
Total Deposits: 14000

External Features

Approximate Lot SqFt: 27007
Exterior: Stucco
Parking Description: Covered Parking, Spaces - Assigned, Space Per Unit - 1
Roof: Metal, Other, Flat
Total Parking Spaces: 14
Water/Sewer: Water - Public
Yard Description: Fenced, Front Yard

Location Information

Area: Stanislaus County
Cross Street: 9th Street
Lot Description: Level, Regular

Interior Features

Basement: None
Bathrooms 1: 14
Bedrooms 2: 14
Cooling: Window/Wall Unit(s)
Flooring: Laminate, Carpet, Other
Heating: Electric, Wall Furnace

Zoning Info


Area Info


Listing courtesy of Major Gill, Excel Realty
© 2022 Bay East. © 2022 CCAR. © 2022 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on Thursday, August 11th, 2022 at 01:26:56 AM.

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2019-03-21T08:10:34+00:00
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