Investing in multi family property in Modesto,CA
Any thoughts on the multi family investment prospects in Modesto for a period of 2 to 3 years?
I am looking at a 16 unit apartment complex generating rents around $250k/year.
Could this property be sold at 7.5% cap rate in 2 years or so?
How is the rental market and demand in Modesto now and in the future?