The Palms at Sheridan

The Palms at Sheridan is situated in the heart of Manteca, a city uniquely positioned to serve as a residential bridge between the Central Valley and the Bay Area. With direct routes to Tracy, Stockton, and Modesto, and quick access to I-5, Highway 99, and I-205, this location offers commuters and working professionals a practical and well-connected place to call home.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.