573-583 Minaret Ave
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573-583 Minaret Ave
6 Unit Apartment Building $949,000 ($158,167/Unit) Turlock, CA 95380
Investment Highlights
- Location in East Turlock Downtown Core
Executive Summary
Unlock the potential of this exceptional mixed-use property! Nestled in a prime downtown location, this versatile gem offers four apartment units alongside a professional office building complete with adjacent living quarters, all zoned office-residential. Each apartment exudes charm and functionality, providing coveted downtown living within strolling distance of Main Street amenities such as restaurants, the farmer's market, library, and boutique shopping. The professional office space presents an ideal opportunity for any business venture, while the adjacent living quarters offer convenience and flexibility. With a back studio boasting a one-car garage accessible from the side alley, this property is not only a great investment opportunity but also a rare find in the heart of Turlock's downtown. Don't miss your chance to own this dynamic income-generating asset!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$9,900
|
$2.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$9,900
|
$2.75
|
| Taxes |
$9,490
|
$2.64
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,490
|
$2.64
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $9,900 |
| Annual Per SF | $2.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $9,900 |
| Annual Per SF | $2.75 |
| Taxes | |
|---|---|
| Annual | $9,490 |
| Annual Per SF | $2.64 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,490 |
| Annual Per SF | $2.64 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 061-31-37 | Total Assessment | $258,403 (2023) |
| Land Assessment | $38,358 (2023) | Annual Taxes | $9,490 ($2.64/SF) |
| Improvements Assessment | $220,045 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
061-31-37
Land Assessment
$38,358 (2023)
Improvements Assessment
$220,045 (2023)
Total Assessment
$258,403 (2023)
Annual Taxes
$9,490 ($2.64/SF)
Tax Year
2024
zoning
| Zoning Code | R2-C2, Turlock (CO (commercial-office), this mixed unit building includes some off street parking, one-car garage through alley gated access, in Turlock's downtown.) |
| R2-C2, Turlock (CO (commercial-office), this mixed unit building includes some off street parking, one-car garage through alley gated access, in Turlock's downtown.) |
-
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Lazar Real Estate Services
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573-583 Minaret Ave
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