Rare fourplex investment opportunity in East Manteca. Built in 1994, this 3,120 sq ft four-unit property offers four 2 bedroom, 1 bath units, two upstairs and two downstairs, each with its own private garage. Three units are currently occupied on month-to-month terms at rents below current market, and one unit is vacant, giving a buyer immediate flexibility to live in one unit while renting the other three, or to step in and reposition the whole property at market rents from day one. Recent updates in the vacant unit include fresh interior paint, new carpet, and new lighting. Location is East Manteca, walking distance to multiple shopping centers, with easy access to Highway 99, Highway 120, and Kaiser Permanente Manteca. This is a true value-add play for the seasoned investor looking to bring rents to market, the new investor wanting an entry-level multifamily asset, or an owner-occupant who wants to live in one unit, fix it up further, and let tenant income help cover the mortgage. This property is full of opportunity and flexibility!
Manteca is located in California. Manteca, California has a population of 82,408. Manteca is less family-centric than the surrounding county with 33.88% of the households containing married families with children. The county average for households married with children is 36.35%.
The median household income in Manteca, California is $82,538. The median household income for the surrounding county is $74,962 compared to the national median of $69,021. The median age of people living in Manteca is 36.9 years.
The average high temperature in July is 93.3 degrees, with an average low temperature in January of 37.4 degrees. The average rainfall is approximately 14.9 inches per year, with 0 inches of snow per year.
