MULTI-FAMILY SPACE - SALE PENDING
Colliers International’s Central Valley Investment Team is proud to present another incredible apartment opportunity in Lodi, CA. The DeForce Apartments are located at the corner of School Street and DeForce Ave, just one block north of Downtown Lodi and near many new, exciting Downtown Lodi Developments. The complex consists of seven one bed, one bath units.
The ownership has recently rehabbed several of the units to contemporary standards by replacing the flooring with vinyl and carpet, adding new cabinetry, appliances and interior painting. As added insulation to AB 1482, one of the rehabbed units is vacant and ready to occupy, allowing a new ownership to come in and immediately lease that space for whatever the market determines.
Sale Note
Units: 7
Price per unit: $103,571
Current CAP rate: 7.04%
Market CAP rate: 7.67%
Current GRM: 10.89
Market GRM: 10.15
- Property Type
Office
- Year Built
1900
- Total Acres
0.08
- Number of Floors
2
- Last updated
Dec 08, 2021
- Property ID
1469394
