119 N Sherman Ave, Manteca, CA 95336

The Sherman Apartments offer a fully turnkey, 10-unit multifamily investment in the heart of Manteca, located at 119 N. Sherman Avenue. Consisting entirely of one-bedroom, one-bath units, the property recently underwent a comprehensive interior and exterior renovation completed in 2025. Upgrades include new electrical systems with Square D panels, brand-new roofing, updated stucco and T1-11 siding, dual-pane windows, new LVP flooring, and modern split-system HVAC units. Each unit features new appliances, gas stoves, refrigerators, and built-in microwaves.

Rear alley access provides convenient parking, including three fully remodeled garages ready for immediate rental income, with additional garages available for future improvement. End units benefit from extra natural light and dedicated front parking spaces. With a price of $1,798,000, the property offers a current cap rate of 6.30%, The Sherman Apartments combine high-quality renovations, strong operating structure, and long-term durability, making this a compelling turnkey asset in a supply-constrained Manteca market.