228 Elm Ave, Manteca, CA 95336
Not Listed · San Joaquin County
Key Facts
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!
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1994
Living Area
3,120 sq ft
Lot Size
0.19 acres
Zoning
R-2
Days on Market
9
MLS® Listing#
41140129
Property Features
Cooling
Heating
Flooring
Basement
Parking
Fencing
Lot Features
Construction
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
217200050000
Affordability Calculator
$180,000
Estimated monthly payment
$4,790/mo
Principal $720,000 · Est. interest $1,004,464 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Manteca, CA
- $627,950
- Median Listing Price
- 45
- Median Days on Market
- 1,985
- Median Sq Ft
- $301
- Median Price / Sq Ft
- 361
- Active Listings
- This home’s price is 43% above the area median.
- Its price per sq ft is 4% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Manteca, CA.
Location
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EXIT Agents in Manteca
Listing Courtesy: Compass
Presented by: Jennifer Collins
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