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    6500 Jackson Ave Riverbank, CA 95367

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    For Sale
    $8,950,000

    69-unit multifamily property in Riverbank, CA, near Modesto.

    Property size:
    52,142 SF

    Property Features for 6500 Jackson Ave

    General Information

    Size
    52,142 SF

    Building Details

    Year built
    1972

    Source: Keller Williams Realty Modesto Agent Jacob Friedrich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverbank Multifamily Investment Opportunity

    River Bluff Apartments, located at 6500 Jackson Avenue in Riverbank, CA, presents a multifamily investment opportunity. The property comprises 69 units situated on 1.6 acres, with a total of 52,142 square feet distributed across twelve residential buildings. The unit mix includes one- and two-bedroom apartments, along with 32 townhome-style layouts. Constructed in 1972 and 1976, the property has undergone upgrades over the past decade, including HVAC systems, roofs, windows, electrical panels, and exterior paint. These improvements suggest minimal near-term capital needs and stable operations. The location offers convenient access to Modesto retail centers, schools, and major transportation corridors, potentially contributing to strong tenant demand and benefiting from market growth trends.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alpine Sierra Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverbank
    County
    Stanislaus
    State
    California
    Longitude
    -120.9491059
    Latitude
    37.7345449

    Nearby Similar for Sale

    • $130,000
      1,309 SF

      Downtown Riverbank Restaurant Opportunity

      Established Restaurant, Turnkey Operation, High Potential
      3310 Santa Fe St, Riverbank, CA 95367
      View Details
    • $79,000
      800 SF

      Riverbank Boba Shop - Turnkey Business

      Established Boba Tea Shop, High Traffic Area
      6333 Oakdale Rd, Riverbank, CA 95367
      View Details

    FAQs

    What type of property is this?
    Apartment building - 69-unit multifamily property in Riverbank, CA, near Modesto.
    Where is this apartment building located?
    The property is located at 6500 Jackson Ave Riverbank, CA.
    What is the asking price?
    The asking price for this property is $8,950,000.
    What are key features of this property?
    This property features: - 69-unit multifamily investment opportunity in Riverbank, CA.; - Attractive mix of one- and two-bedroom units plus 32 townhome-style layouts.; - Upgraded over the last decade (HVAC, roofs, windows, electrical panels, exterior paint) minimizing near-term capital needs.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6500 Jackson Ave Riverbank, CA 95367
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