$1,072,000
SOLD NOV 27, 2024
4 Beds
4 Baths
5,348 Sq Ft
0.27 Acres

Recently Sold

$200 Per Sq Ft

11 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Balcony
  • Wood Flooring
  • No HOA
  • Double Pane Windows

About This Home

As of November 2024

INVESTMENT OPPORTUNITY KNOCKS! Hard to find 8 unit apartment complex in the heart of Modesto. One block from shopping, restaurants, park, laundry facilities, theater and more. Well maintained interior and exterior.Long term tenants. Most units have been recently updated in the past 5 years. Professionally managed and would like to continue managing.

Last Agent to Sell the Property

Dennis Lilly

Berkshire Hathaway HomeServices-Drysdale Properties License #00999246 Listed on: 10/28/2024

Berkshire Hathaway HomeServices-Drysdale Properties

Co-Listed By

Cindy Fraze

Berkshire Hathaway HomeServices-Drysdale Properties License #01362128

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Landscaped
  • Corner Lot

Parking

  • 8 Car Garage
  • Side by Side Parking
  • 8 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,348 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Free-Standing Electric Oven

Flooring

  • Wood
  • Laminate
  • Tile

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 111-007-036-000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Units Leased Month-To-Month
  • Net Lease
  • Insurance Expense $13,545
  • Other Expense $210
  • Professional Management Expense $6,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 1920

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1920
  • Architectural Style: Colonial
  • Levels: Two
  • Stories: 2
  • Number of One Bedroom Units: 8
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Refrigerator, Free Standing Electric Oven, See Remarks
  • Flooring: Tile, Laminate, Wood
  • Price Per Square Foot: 200.45
  • Square Footage: 5348.00
  • Window Features: Dual Pane Partial, Window Coverings

Exterior Features

  • Construction Materials: Frame, Wood
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1072000.00
  • Lot Features: Corner, Curbs/Gutters, Landscape Front, Other
  • New Construction: No
  • Patio And Porch Features: Balcony/Deck
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition, Tar/Gravel, Other
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Open Parking Spaces: 8.00
  • Garage Spaces: 8.00
  • Parking Features: Open, Side-by-Side
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Security Lights
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Cable Connected, Dish Antenna, Electric
  • Cooling: Ceiling Fan(s), Window Unit(s), Heat Pump
  • Electric: 220 Volts
  • Heating: Gas, Heat Pump, Other
  • Laundry Features: Other
  • Water Source: Water District
  • Utilities Expenses: 1031
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: Apartments
  • Irrigation: None
  • Lot Size Acres: 0.2650
  • Lot Size Sq Ft: 11543.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 89040
  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 8
  • Total Number Section8: 1
  • Insurance Expense: 13545
  • Number of Leased Units: 8
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Units Furnished: None
  • Total Number Owner Occupied: 8

Tax Info

  • Assessor Parcel Number: 111-007-036-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Nov 26, 2024
Sold by
Dhaliwal Veerpal Kaur
Bought by
Singh Balbahadur
Seller's Agent
Dennis Lilly
Berkshire Hathaway HomeServices-Drysdale Properties
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$1,072,000
Sold Price
$1,072,000
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$751,800
Outstanding Balance
$746,195
Interest Rate
6.44%
Mortgage Type
Seller Take Back
Estimated Equity
$376,681

Purchase Details

Closed on
May 31, 2017
Sold by
Swann Dennis
Bought by
Swann Dennis

Purchase Details

Closed on
Jan 19, 1999
Sold by
Swann Cecil E and Swann Elsie
Bought by
Swann Cecil E and Swann Elsie
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Grant Deed -- First American Title
Grant Deed -- First American Title
Grant Deed $1,074,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $751,800 Seller Take Back
Closed $0 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Price Changed $1,174,000 +9.3% $220 / Sq Ft
03/17/2025 03/17/25 For Sale $1,074,000 +0.2% $201 / Sq Ft
11/27/2024 11/27/24 Sold $1,072,000 0.0% $200 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $1,072,000 -- $200 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,801 $333,610 $119,472 $214,138
2023 $3,745 $327,070 $117,130 $209,940
2022 $3,654 $320,658 $114,834 $205,824
2021 $3,590 $328,376 $112,583 $215,793
2020 $3,661 $325,010 $111,429 $213,581
2019 $3,576 $318,639 $109,245 $209,394
2018 $3,404 $312,392 $107,103 $205,289
2017 $3,323 $306,267 $105,003 $201,264
2016 $3,260 $300,263 $102,945 $197,318
2015 $3,216 $295,754 $101,399 $194,355
2014 $3,166 $289,961 $99,413 $190,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224120621

MetroList

APN: 111-07-36