215 Semple St
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215 Semple St
5 Unit Apartment Building $815,045 CAD ($163,009 CAD/Unit) 6.10% Cap Rate Modesto, CA 95354
Investment Highlights
- Excellent opportunity for first time buyer in sought after rental market.
- Large 1-Bedroom and 2-Bedroom floorplans.
- Onsite, private parking and secure entryway.
- Recently remodeled units.
- 100% occupied with long term tenants.
Executive Summary
Colliers Central Valley Investment Team is pleased to present the Semple Street Apartments, a five (5) unit apartment complex located in Modesto, California. The property provides an investor a unique opportunity to own an apartment complex with a stabilized cash flowing investment property near many daily needs and other retail use.
The apartment complex is comprised of three (3) 1-bedroom, 1-bathroom units, ranging from approximately 600 SF to 750 SF and two (2), 2-bedroom, 2-bathroom units that are approximately 900 SF. The complex has a secure entry to each of the units and onsite parking behind the building. Nearby amenities include the Gallo Center for the Arts, Smart & Final, Modesto Children's Museum, and many other downtown dining and entertainment options.
The apartment complex is comprised of three (3) 1-bedroom, 1-bathroom units, ranging from approximately 600 SF to 750 SF and two (2), 2-bedroom, 2-bathroom units that are approximately 900 SF. The complex has a secure entry to each of the units and onsite parking behind the building. Nearby amenities include the Gallo Center for the Arts, Smart & Final, Modesto Children's Museum, and many other downtown dining and entertainment options.
Property Facts
| Price | $815,045 CAD | Apartment Style | Low Rise |
| Price Per Unit | $163,009 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.10% | Building Size | 3,750 SF |
| Gross Rent Multiplier | 9.23 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2000 |
| Property Subtype | Apartment |
| Price | $815,045 CAD |
| Price Per Unit | $163,009 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 9.23 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2000 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 - 775 |
| 2+2 | 2 | - | 900 |
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Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 111-07-31 | Improvements Assessment | $447,539 CAD |
| Land Assessment | $136,196 CAD | Total Assessment | $583,735 CAD |
PROPERTY TAXES
Parcel Number
111-07-31
Land Assessment
$136,196 CAD
Improvements Assessment
$447,539 CAD
Total Assessment
$583,735 CAD
zoning
| Zoning Code | R-2 (Medium density residential) |
| R-2 (Medium density residential) |
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215 Semple St
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