NOT LISTED FOR SALE
4 Beds
4 Baths
2,000 Sq Ft
0.41 Acres

Last Sold November 06, 2020

Last sale price $630,000 $315 Per Sq Ft

9 Days on Market

Highlights

  • 0.41 Acre Lot
  • Tile Flooring
  • 1-Story Property
  • No HOA

About This Home

As of November 2020

8 unit apartment building collecting around $7k in gross rents and over 8% cap rate. Large front courtyard. One building holds six one bedroom, one bathroom units, built in 1946, and the second building is two three bedroom, one bathroom units, built around 2008. Owner pays water, garbage, and sewer. Close to shopping, elementary/junior high school and CA-99. See attached rent roll for more information.

Last Agent to Sell the Property

Ricardo Gil

Gil's Real Estate License #01800755 Listed on: 09/01/2020

Last Buyer's Agent

Sam Roham

Alliant Real Estate And Financ License #01521106

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.41 Acre Lot

Parking

  • Open Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Listing and Financial Details

  • Security Deposit $3,550
  • Tenant pays for electricity gas
  • Assessor Parcel Number 056-048-024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 6 Leased Units
  • 2 Vacant Units
  • 8 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1946
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: None
  • Flooring: Tile

Exterior Features

  • Construction Materials: Wood,See Remarks
  • Disclosures/Documents: None
  • Listing Price: 649990.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Cooling: Ceiling Fan(s),Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multifamily
  • Lot Size Acres: 0.4093
  • Lot Size Sq Ft: 17829

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total Deposit: 3550
  • Total # Leasable: 8

Multi Family

  • Gross Income: 81600
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 6
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 056-048-024
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $630,000 -3.1% $315 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $649,990 -- $325 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20051886

MetroList