Northgate Commercial/NAI Pence is proud to present the apartments at 50 East Grant Line Road, Tracy, Ca.
Built in 1948 the property consists of seven buildings comprising ±9,777 square feet on a ±41,560 square foot lot. There are (14) studios that are ±370 square feet, (6) one-bedroom/one-bathroom units that are ±520 square feet, and (2) two-bedroom / one-bathroom units with and attached garage that are ±700 square feet. The property is located near many schools; North Elementary School (0.7 miles away), Monte Vista Middle School (1.5 miles away) and Millennium High School (1.0 mile away). The property is near many local shopping centers; McKinley Village Shopping Center (1.2 miles away) featuring Taco Bell, In-Shape Health Club, Suds Laundromat, Johnny’s Diner & Creamery, Mail & More, and Goddess Beauty Supply. Valley Shopping Center (1.4 miles away) featuring Burger King, La Plaza Market, Xfinity, CVS, O’Reilly Auto Parts, CA Dental Care, H&R Block, etc.
Priced at 4.01% Cap Rate on Current Operations/ 4.08% Spring 2022 Cap Rate/7.50% Cap Rate on Proforma.
- Opportunity To Increase Cash Flow Through Increasing Rents.
- Located in priced area at 4.01% Cap Rate on Current Operations/ 4.08% Spring 2022 Cap Rate/7.50% Cap Rate on Proforma.
- 22 units with a shop that can be converted to a studio unit