801 Mae St, Turlock, CA 95380

We're pleased to present an attractive multifamily investment opportunity located at 801 Mae St, 1000 & 1002 South Avenue in Turlock. The triplex property has a one freestanding unit (801 Mae St) and one attached unit (1000 & 1002 South Ave). Each unit is a spacious 3x2.5 two story townhome unit with washer dryer hookups, private garage and fenced backyard. The buildings were built by the current owner in 1995 and total 4,985 total rentable square feet, situated on a single 11,761 SF parcel (APN: 050-007-052). The Mae Street and South Avenue Triplex offers a new owner with a less than 30 year old building that has been very well maintained, has 30% upside in rents and is located in a very tight rental market. Current rents are $1,400 (801 Mae), $1425 (1000 South) and $1400 (1002 South) for a total monthly gross of $4,225. Landlord pays W/S/G for 1000 and 1002 South while Tenant pays all utilities at 801 Mae St.