228 Elm Ave, Manteca, CA 95336
- $900,000
- List Price
- $900,000
- Status
- ACTIVE
- MLS#
- 41140129
- Year Built
- 1994
- Lot Size
- 8,250
- Acres
- 0.19
- Lot Location
- Street Level
- Days on Market
- 29
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Not Listed
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!
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Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- See Remarks
- Exterior Construction
- Wood Siding
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Jennifer Collins (jenn@jenncollins.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.