The Bee Apartments
7.32% Cap Rate | 17 Units | Turlock, CA
Marketing description
The Bee Apartments offer a 17-unit multifamily investment located at 1002 Geer Road in Turlock. The property features a wide unit mix, ranging from a 260 SF Studio to a spacious 4-BD, 2.5-BA unit (1,669 SF), with the majority made up of large 1,065 SF 2-BD, 1.5-BA Townhomes. The property has been recently renovated, giving investors a clean, stabilized asset with strong in-place income and limited near-term capital needs. The updated condition helps drive tenant demand while supporting long-term retention.
Located just minutes from Downtown Turlock, residents enjoy easy access to local dining, retail, and major drivers like California State University, Stanislaus and Highway 99. Offered at $2,995,000, The Bee Apartments provide a solid 7.32% cap rate in a steady, high-demand Central Valley rental market.
Investment highlights
- Diverse Unit Mix - Studios to 4-bedrooms, with over 50% large 2-bedroom townhome units ideal for long-term renters.
- High-Yield Opportunity - Attractive 7.32% cap rate with strong in-place income and upside potential.
- Renovated Asset - Recently updated property with strong in-place income and limited near-term capital needs.
- Great Location - Located on main north south thoroughfare, minutes from Downtown Turlock with easy access to shopping, dining, and major roads.
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