228 Elm Ave, Manteca, CA 95336
228 Elm Ave, Manteca, CA 95336
228 Elm Ave, Manteca, CA 95336
228 Elm Ave, Manteca, CA 95336
228 Elm Ave, Manteca, CA 95336
228 Elm Ave, Manteca, CA 95336
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Jennifer Collins, DRE #01396269 • Compass
$ 900,000
Est. payment | /mo

8 Beds

4 Baths

3,120 SqFt

Save
$ 900,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,120 SqFt

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

MLS Listing IDX PLUS
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Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.sandate@exprealty.com

1641 Laurel St, San Carlos, CA, 94070-5216, USA

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228 Elm Ave