The Bee Apartments

The Bee Apartments is located in Turlock, the heart of California's Central Valley. The location offers a strategic position between the San Francisco Bay Area (1.5 Hours) and the Sierra Nevada mountains offering perfect blend of urban convenience and small-town charm. Residents enjoy easy access to the downtown district, local dining and shopping venues, and schools. The nearby California State University, Stanislaus (1.5 miles) provides a steady demand for housing, making the area highly attractive for multifamily investment opportunities. Residents also enjoy the property's close proximity to Highway 99 (2 miles), a major transportation artery that provides convenient access to key regional and statewide destinations. With its attractive unit mix and its strong rent collections, this opportunity provides a new Buyer with steady cash flow and long term appreciation in a high demand rental market.The Mejia Realty Group at eXp Commercial is pleased to present The Bee Apartments in Turlock, CA. Built in approximately 1940, this gated 17-unit property features a unit mix that includes one (1) large 4 bedroom, 1 bathroom 1,660 SF house, one (1) 300 SF studio, five (5) 500 SF 1-bedroom 1 bath units, and ten (10) 750 SF 2-bedroom, 1.5-bath units townhouse style units (Buyer to verify SF). The property boasts combination of flat and pitched roofs as well as wood and brick exteriors. The flat roofs were redone with a silicone sealant approximately four years ago. Additionally, the property features partial dual pane windows, tuck under parking, on-site reserved parking, wall heat and air, and select units have backyards/patios. Ownership has upgraded 88% of the units since taking over ownership in 2017. Select units have laminate vinyl plank or tile flooring, granite countertops, ceiling fans, and majority of units have dishwashers. With its attractive unit mix and its strong rent collections, this opportunity provides a new Buyer with steady cash flow and long term appreciation in a high demand rental market.