'); Colliers International | Properties | MULTI-FAMILY BUILDING FOR SALE

MULTI-FAMILY BUILDING FOR SALE

101 De Force Ave, Lodi, CA 95240

  • 3,669 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Colliers International’s Central Valley Investment Team is proud to present a unique garden style apartment complex in Lodi. The property is located at 101 De Force Avenue, just north of Lockeford Street, in a predominately single family home residential neighborhood. The complex was built in 1900 and consists of all one (1) bedroom / one (1) bathroom apartments. The De Force Apartments enjoys well mounted heat and air, individually metered units, and it received a new roof and gutters in 2008. Ownership did a major renovation in 2008, replacing the roof, stucco, windows and interiors of the units.

Sale Note
Units: Seven (7) Price per unit: $82,857 Current CAP rate: 6.31% Proforma CAP rate: 8.81% Current GRM: 11.51 Proforma GRM: 8.63

Price: $580,000.00

Lot Size: 3,920 Square Feet

Building Size: 3,669 Square Feet

Area Available: 3,669 Square Feet

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