Multifamily Income Property with Trailer
871 Vermont Ave Turlock, CA 95380
871 Vermont Ave, Turlock, CA, 95380
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For Sale
Contact for pricing
Nineteen income-producing units on approximately 1.34 acres, including apartment units and nine trailer home stalls.
Property Size7,167 SF
Lot Size1.34 Acres
Price / SF$299.29
Days on Market123
Property Features for 871 Vermont Ave
General Information
- Standard status
- Active
- Size
- 7,167 SF
- Lot size
- 1.34 Acres
- Property subtype
- Multifamily
Listing agency
PMZ Commercial
(209) 345-8209
Listed by
Jordan Amarant · License #CA 01911219
Source
Crexi
Added: Mar 21 Updated: Jul 21 at 3:57AM Checked: Jul 21 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PMZ Commercial
Investment Insights
Based on property information with market context.
PMZ Commercial presents 871–897 Vermont Avenue, a diversified multifamily investment opportunity in Turlock. The property includes nineteen (19) income-producing units, made up of nine (9) 2-bedroom/1-bath apartment units, one (1) 1-bedroom/1-bath unit, and nine (9) trailer home stalls, combining traditional multifamily with land-lease style income.
Constructed between 1979 and 1983, the apartment units have been well maintained. Central heating and air conditioning are provided across the units, and nine of the ten apartment units were extensively remodeled between 2019 and 2020 with modernized interiors. The property also features an on-site coin-operated laundry facility and six (6) personal storage closets, creating additional income opportunities.
Rent levels for both apartment units and trailer stalls are described as below market, supporting potential for increased net operating income through rent adjustments. The unit mix and multiple income streams are designed to offer a combination of stability and growth for investors.
Constructed between 1979 and 1983, the apartment units have been well maintained. Central heating and air conditioning are provided across the units, and nine of the ten apartment units were extensively remodeled between 2019 and 2020 with modernized interiors. The property also features an on-site coin-operated laundry facility and six (6) personal storage closets, creating additional income opportunities.
Rent levels for both apartment units and trailer stalls are described as below market, supporting potential for increased net operating income through rent adjustments. The unit mix and multiple income streams are designed to offer a combination of stability and growth for investors.
Key Highlights
- 19 income‑producing units on approx. 1.34 acres in Turlock, including 9 two‑bedroom/one‑bath, 1 one‑bedroom/one‑bath, and 9 trailer home stalls
- Built 1979–1983; nine of the ten apartment units extensively remodeled between 2019 and 2020 with modernized interiors
- All units feature central heating and air conditioning
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.8k | $23.28 |
| − Vacancy | −$4.2k | −$0.58 |
| EGI | $162.7k | $22.70 |
| − OpEx | −$73.2k | −$10.21 |
| NOI | $89.5k | $12.48 |
7,167 SF · lease $23.28/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,472 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.89M
NOI $233,181 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mels 209 Sales
Catering Service
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Nineteen income-producing units on approximately 1.34 acres, including apartment units and nine trailer home stalls.
Where is this apartment building located?
The property is located at 871 Vermont Ave Turlock, CA.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: 19 income‑producing units on approx. 1.34 acres in Turlock, including 9 two‑bedroom/one‑bath, 1 one‑bedroom/one‑bath, and 9 trailer home stalls; Built 1979–1983; nine of the ten apartment units extensively remodeled between 2019 and 2020 with modernized interiors; All units feature central heating and air conditioning
