$480,000
$999,000
52.0%For more information regarding the value of a property, please contact us for a free consultation.
0.41 Acres Lot
SOLD DATE : 02/12/2024
Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223071701
Sold Date 02/12/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1953
Lot Size 0.411 Acres
Acres 0.4106
Property Description
Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.
Location
State CA
County Stanislaus
Area 20106
Direction Going South on 99, exit Hatch Rd. Turn right on Hatch Rd. Turn right on Boulder Ave.
Interior
Heating Central, Varies by Unit
Cooling Ceiling Fan(s), Central, Window Unit(s), Varies by Unit
Flooring Carpet, Tile, Laminate, Varies by Unit
Appliance Free Standing Gas Oven, Free Standing Gas Range, Gas Water Heater
Laundry Varies by Unit
Exterior
Exterior Feature Fenced Yard, Yard Space
Garage Street, Varies by Unit
Utilities Available Natural Gas Connected, City, Electric
Water Access Desc Public
Roof Type Composition
Topography Level
Porch Covered Patio, Varies by Unit
Total Parking Spaces 5
Building
Lot Description Corner, Sidewalk, Landscape Front
Story 1
Foundation Slab
Sewer Septic System
Water Public
Schools
Elementary Schools Modesto City
Middle Schools Modesto City
High Schools Modesto City
School District Stanislaus
Others
Senior Community No
Tax ID 038-038-042-000
Special Listing Condition Other
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Realtors | Lic# 01985645