Investing in multi family property in Modesto,CA

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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?

@Gopinath Chandra watch this new rent control bill coming through the pipeline.  Modesto is full of people screaming for rent control so it should be something that you at least consider.  When the dust settles we'll see how it all shakes out.   It might affect the rental market and how good a deal this multi family complex might be.  The Modesto Bee tries to get people all crazed up for rent control, so there's a lot of clamor for the bill to pass here around town.  

The current demand for multi family in Modesto is crazy right now. Rent prices are the highest they have ever been. It's causing prices to go through the roof. I am always looking for a deal but they are very very scarce around here.  My prediction is that within the next few years the market is going to relax and get back to normal.

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