Tracy, CA95376
| 0 sqft | MLS# 41098762
Tract:
For Sale $2,400,000
Description
This offering commands a strong location mid-way between Tracy Blvd. and North Center, walking distance to light rail that provides an easy commute for tenants to major nearby Bay Area Job Centers and tech employment. Owned and operated for 28-years by the current owner, the property is well kept, with many long-term tenants, and significant rental upside. The owner self-manages the property, together with a resident on-site manager and carefully selects quality tenants. The property is constructed with wood frame, and stucco siding with a flat roof and per property records shows as constructed Circa. 1930. . The owner has upgraded the plumbing and building electrical including new main and sub-panels for optimal insurance rates. Further upgrades include double paned windows and interior renovations upon turnover. The unit mix consists of twelve studio units, and four one-bedroom/one bath units. Unit interiors feature primarily hardwood floors, renovated bathrooms, with three-piece-drop in tub enclosures. Heating is via. electric wall units, with tenant paying electric bills, which ensures low, stable expenses for the owner. The complex features 16-car open parking and sits on a superior 0.26-acre parcel. All units are separately metered for electricity and gas.
Facts
| Built in 1930 | Lot Size: 11380.00 sqft | HOA Dues: $0/month
Features
Listing provided by Jon Holmquist, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of May 30, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
