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Manteca Golf & Tennis Villas 367 N Union Rd

56 Unit Block of Flats £12,550,560 (£224,117/Unit) 6.37% Net Initial Yield Manteca, CA 95337

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Investment Highlights

Fully renovated interiors W/Laundry hookups
Low maintenance asset

Located adjacent to the Manteca Park Golf Course

Executive Summary

Marcus & Millichap is honored to present Manteca Golf and Tennis Villas, a well-positioned, income-generating asset located in the dynamic market of Manteca, California. Constructed in 1985, this 56-unit complex encompasses approximately 45,177 square feet on a 2.24-acre parcel, strategically designed with a desirable unit mix: (24) one-bedroom/one-bathroom units of roughly 700 square feet and (31) two-bedroom/one-bathroom units at approximately 888 square feet each.

Property Facts

Price	£12,550,560	Property Subtype	Apartment
Price Per Unit	£224,117	Apartment Style	Garden
Sale Type	Investment	Building Class	C
Net Initial Yield	6.37%	Lot Size	2.24 AC
Sale Conditions	1031 Exchange	Building Size	41,920 SF
Gross Rent Multiplier	10.82	Number of Floors	2
No. Units	56	Year Built/Renovated	1985/2023
Property Type	Residential

Price	£12,550,560
Price Per Unit	£224,117
Sale Type	Investment
Net Initial Yield	6.37%
Sale Conditions	1031 Exchange
Gross Rent Multiplier	10.82
No. Units	56
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	2.24 AC
Building Size	41,920 SF
Number of Floors	2
Year Built/Renovated	1985/2023