The Palms at Sheridan 135 N Sheridan Ave Immeuble residentiel 25 lots 4 581 763 € (183 271 €/Lot) Taux de capitalisation 6,37 % Manteca, CA 95336

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. The asset offers both stability and upside, supported by excellent in-place financials and long-term
market fundamentals.
This is a prime investment opportunity for buyers seeking a low-maintenance, income-generating property in a
high-demand Central Valley location.