Listed by Nicole Vondrak, (209) 743-0004 from RE/MAX GOLD
(If provided) CoList: from
Sold listing courtesy of Rikki Green from TFRIENDS
Located along Tuolumne Road, this unique multi-unit property offers investors a blend of stable income today and opportunity for expansion tomorrow. The property currently consists of three income-producing units, each with separate utility meters and dedicated parking areas. Long-term tenants are already in place, providing immediate rental stability for a new owner. The current configuration offers three units, with the potential to create a fourth unit or expand the third, which could significantly improve the income profile. Depending on how a new owner approaches the additional unit potential, the estimated cap rate ranges from approximately 5.7% to 8.4%. This property has lots of potential! Please do not go to the property without an appointment.
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