The Alpha Road Apartments
Multifamily | 8 Units | $168,750/unit
Marketing description
Situated in the heart of Turlock, California, 1109 Alpha Road offers an exceptional opportunity for either first time or experienced investors. The property consists of a total of eight (8) units, including seven (7) two-bedroom apartments (ranging from approx. 650 & 864 sq. ft. each) and one (1) three-bedroom apartment (approx. 1,128 sq. ft. each). Each unit has been recently renovated to meet modern living standards, with energy-efficient dual-pane windows, central heat and air systems and updated interiors.
Ownership has made considerable investments to ensure the property is in excellent condition, including a new roof, new exterior stucco and paint, and modernized HVAC systems. These upgrades provide long-term value and reduce future maintenance costs. Located in a rapidly growing region, Turlock’s vibrant community and proximity to educational institutions, cultural amenities, and recreational activities make this property a highly attractive rental option for tenants. With its appealing location and enhanced amenities, 1109 Alpha Road represents a strong and stable investment in a dynamic and evolving market. This is an opportunity to acquire a high-demand asset in one of California’s most promising growth areas at a competitive price point, offering both immediate returns and long-term appreciation potential.
Investment highlights
Excellent opportunity for an investor to purchase a stabilized apartment asset in a competitive “College Town” market with low vacancy and rising rents.
Major recent capital expenditures include a new roof, HVACs, exterior stucco & paint, dual-pane windows, exterior fencing and landscaping.
Attractive in-place 8%+ cap rate and priced below replacement cost.
Spacious Two and Three Bedroom units that have been recently renovated.
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