Investment Overview

The Subject Property at 511 W. Center St., Manteca, CA consists of a four-unit property on a 0.13-acre parcel located six-blocks Northwest of S. Main and W. Yosemite in the core of Manteca city center. The property consists of wood frame two-story construction, with a mix of low maintenance wood & stucco siding, and superior pitched composite roofs (recently replaced), over main building & carports, which should minimize expenses. All units are two-bedroom/one-bath, with wall-mount ac units, individual entrances, and covered parking carports with room for an additional tandem parking space for each unit in front of each carport. The complex has a spacious backyard to the rear, and possesses attractive, yet easy to maintain landscaping, and low maintenance concrete parking areas. Units are individually metered for gas and electricity ensuring low recurring expenses for ownership. This offering allows an investor to lock in 30-year fixed rate financing and is the perfect alternative to a home for the owner user, or offers a compelling investment opportunity for an investor looking to acquire a low maintenance property, with rental upside, in a very strong market and area. Manteca is traditionally a high growth market, and a new add-value buyer will benefit from the continued migration of remote works and new job creation in the Manteca area as employers continue their trend of expansion to the Manteca market driving local job growth.