MULTI-FAMILY BUILDING FOR SALE
101 De Force Ave, Lodi, CA 95240
- 3,669 Square Feet
- For Sale
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.
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
Lot Size: 3,920 Square Feet
Building Size: 3,669 Square Feet
Area Available: 3,669 Square Feet