228 Elm Ave, Manteca CA 95336 | $900,000

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!

More Details