$762,000
$795,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1.06 Acres Lot
SOLD DATE : 06/03/2024
Key Details
Sold Price $762,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224046996
Sold Date 06/03/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 2003
Lot Size 1.060 Acres
Acres 1.06
Property Description
Opportunity Knocks on this one of a kind 4 Plex. It is hard to find Fourplexes build after 2000 with particularly with 4 3 bedroom units! Each units also has its own laundry hookups This property is located on 1.06 Acres, Zoned R-3 with the possibility to build up to an additional 26 Units (according to the former owner). The sewer line has already been installed to the rear of the property, water is installed to the halfway mark and the balance of the utilities are stubbed to the lot and ready to extend (according to the former owner. Buyer should independently verify all land use and utility information. Additionally, despite the very respectable current GRM of 11.96. There is still a huge upside potential in rents over time according to Rentometer Pro. See the Rentometer Analysis attachments. Possible sub 10 GRM when rents are fully optimized over time.
Location
State CA
County Stanislaus
Area 20310
Direction From HWY 33 Turn onto Hills Ferry Road and then left onto Eucalyptus Road
Rooms
Basement None
Interior
Heating Central
Cooling Central
Flooring Carpet, Tile
Equipment Varies by Unit
Window Features Dual Pane Full,Window Screens
Appliance Dishwasher, Disposal, Free Standing Electric Range
Laundry In Each Unit
Exterior
Exterior Feature Yard Space
Garage Carport, Covered
Carport Spaces 4
Utilities Available Electric
Water Access Desc Public
View City
Roof Type Tile
Topography Level
Accessibility None
Handicap Access None
Porch Other
Total Parking Spaces 4
Building
Lot Description Landscape Front
Story 2
Foundation Slab
Sewer In & Connected
Water Public
Architectural Style Contemporary
Level or Stories Two
Schools
Elementary Schools Newman-Crows Landing
Middle Schools Newman-Crows Landing
High Schools Newman-Crows Landing
School District Stanislaus
Others
Senior Community No
Tax ID 128-022-016-000
Special Listing Condition None
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