1821 Central Ave
Ceres, CA 95307
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 6,696 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R3, Ceres |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
ABOUT 1821 CENTRAL AVE , CERES, CA 95307
This property consists of four duplexes for a total of 8 units and sits within a half mile of Highway 99. Each unit is a 2-bedroom and equipped with a single car garage, in-unit washer and dryer hookups, and recently remodeled kitchens. Tenants are within walking distance to the Elementary School, High School, and Downtown Ceres, where you’ll find local shops, bars and restaurants. Just over a mile away tenants have access to several national retailers including Home Depot, Ross, Big 5, Starbucks, and many more. This property offers significant upside to prospective buyers via increasing rents to market, implementing a utility bill back system, and the potential of converting units to 3-bedrooms. This is a rare opportunity with the average price per unit on duplexes in the area selling for over $150,000 per unit.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 900 |
PROPERTY TAXES
| Parcel Number | 040-15-05 | Improvements Assessment | $981,063 |
| Land Assessment | $144,745 | Total Assessment | $1,125,808 |
