135 N Sheridan AVE new Save Request In-Person Tour Request Virtual Tour
Manteca,CA 95336
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,796 sqft
Price per Sqft $267
MLS Listing ID 225071408
Year Built 1965
Lot Size 0.876 Acres
Property Sub-Type 5 or More Units
Property Description
First Commercial Real Estate is pleased to present The Palms at Sheridan, a fully renovated 25-unit multifamily community located at 135 N Sheridan Avenue in Manteca, CA. This offering represents a rare opportunity to acquire a turn-key asset in the heart of one of San Joaquin County's most consistently performing rental submarkets. Originally constructed in 1965 and fully renovated in 2021, The Palms at Sheridan features a desirable unit mix of eight (8) one-bedroom units, fifteen (15) two-bedroom units, and two (2) three-bedroom units. Each unit has been thoughtfully updated, and the property boasts significant capital improvements including new plumbing, split HVAC systems, LED Lighting, and a new roof all completed during the renovation. The property is well-maintained and professionally managed, offering residents on-site laundry, ample parking, and a convenient central location with easy access to major thoroughfares including Highway 99, I-5, and CA-120. RUBS is already in place, enhancing operational efficiency and expense recovery. Situated in the growing city of Manteca, The Palms at Sheridan benefits from strong tenant demand, low vacancy, and proximity to key employment centers in Stockton, Modesto, and Tracy, as well as commutability to the Bay Area.
Location
State CA
County San Joaquin
Area 20502
Interior
Heating Ductless,Other
Cooling Ductless,Other
Flooring Carpet,Vinyl
Laundry Washer/Dryer Leased,In Common Area
Exterior
Exterior Feature Fenced Yard
Parking Features Carport
Utilities Available City,Electric,Other
Roof Type Flat
Building
Lot Description Curb(s),Landscape Front
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Manteca Unified
Middle Schools Manteca Unified
High Schools Manteca Unified
School District San Joaquin
Others
Special Listing Condition None