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Multifamily

Waterstone Apartment Homes

Tracy, CA

156 Units

Built in 2007

Value Add

Investment Highlights

  • Community Appeals to The Suburban Migration Resident: Built in 2007 and situated on 6.52 acres, the low-density 156-unit multifamily community (24 homes per acre).
  • Value-Add Opportunity: The property is well-maintained, but the finish levels are original. Rents in Tracy are significantly more affordable compared to neighboring Bay Area markets to the west.
  • Robust Fundamentals: Tracy exhibits strong operating performance with Q3 2020 vacancy at 4.2% (YardiMatrix).

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