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Modesto/Merced Real Estate Forum
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Updated about 7 years ago on . Most recent reply

User Stats

51
Posts
10
Votes
Gopinath Chandra
  • Union City, CA
10
Votes |
51
Posts

Investing in multi family property in Modesto,CA

Gopinath Chandra
  • Union City, CA
Posted

Any thoughts on the multi family investment prospects in Modesto for a period of 2 to 3 years?

I am looking at a 16 unit apartment complex generating rents around $250k/year.

Could this property be sold at 7.5% cap rate in 2 years or so?
How is the rental market and demand in Modesto now and in the future?

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