Excellent investment opportunity featuring two remodeled detached homes on one lot in Turlock. 1087 Souza St and 238 Almond Ave currently generate approximately $50,000 in annual gross rental income from established long-term housing voucher tenants. Both households have recently renewed for an additional two-year term, providing an incoming owner with established rental income from day one. This property features two separate detached residences, private outdoor areas, off-street parking, and a corner-lot configuration. Recent improvements include polished porcelain tile flooring, updated lighting, remodeled kitchens with new cabinetry, quartz countertops, composite sinks and stainless steel appliances, and updated bathrooms with extensive tile finishes. Do not disturb tenants. Buyer to verify all property information.
1036 N Olive Ave is an 8-unit multifamily property consisting of seven 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, situated across four separate buildings on over half an acre. Four units have been recently renovated. Each unit is separately metered, includes washer/dryer hookups, and features private yard space. Carports are available for most units, and a garage is provided for the 2-bedroom unit and conveniently located near CSU Stanislaus, Donnelly Park, shopping, and Highway 99.
Turlock is located in California. Turlock, California has a population of 72,494. Turlock is less family-centric than the surrounding county with 33.68% of the households containing married families with children. The county average for households married with children is 35.12%.
The median household income in Turlock, California is $66,646. The median household income for the surrounding county is $68,368 compared to the national median of $69,021. The median age of people living in Turlock is 34.4 years.
The average high temperature in July is 95.8 degrees, with an average low temperature in January of 39.1 degrees. The average rainfall is approximately 12.4 inches per year, with 0 inches of snow per year.
