The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	230
Year Built	1990
Lot Size Acres	8.75
Parking Ratio	1.04

Investment Highlights

Proven Value Add With Rental Upside
Attractive 4.93% Assumable Financing
Desirable Unit Mix With Large Floorplans
Highly Amenitized
Commutable to Over 1.4 Million Jobs
Ace Expansion Provides Access to High-income Jobs

Property Description

The Mogharebi Group The Mogharebi Group is pleased to present the opportunity to acquire Manchester Court Apartments, a 230-unit multifamily community located at 2200 Standiford Avenue in Modesto, California. Built in 1990, this well-maintained asset is comprised of an attractive mix of spacious one- and two-bedroom floorplans averaging 813 square feet. The property’s comprehensive community amenities include a fitness center and two resort-style swimming pools, while apartment homes feature high-demand amenities including in-unit washers / dryers, ample storage space, and fully equipped kitchens. Additionally, Manchester Court has undergone recent renovations providing the potential for immediate upside in unrenovated units. The property is currently offered with attractive assumable in-place financing at a rate of 4.93%.

2200 Standiford Avenue
Modesto, CA 95350

Situated along Standiford Avenue, residents are in close proximity to an array of daily grocery, shopping, dining, and conveniences in the surrounding area including Central Valley Plaza and Vintage Faire Mall. The property is also less than one mile from Highway 99, which provides connectivity to the major job centers, retail destinations, educational institutions, and entertainment venues located throughout the Central Valley region.