NOT LISTED FOR SALE

2216 Palisade Ave Modesto, CA 95350

Modesto Area
8 Beds
4 Baths
3,250 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: March 31, 2025

Last sale price $740,000 $228 Per Sq Ft

19 Days on Market

Highlights

  • City View
  • Community Pool
  • Central Heating and Cooling System
  • Contemporary Architecture
  • Landscaped
  • 4 Car Garage

About This Home

As of March 2025

Fantastic 4plex/ (Actually 4 Condo's with 4 Separate APN's) . This could be a very easy Value add since the 4 Individual condo's should be worth considerably more than the fourplex. These units boast a great current gross rental income of $69,060 with a current GRM of 10.84! There is still plenty of upside potential using the Rentometer 50% rent in the area the rent should be closer to $76,992 (Report Attached). At marker rents the GRM would be 9.72. All these units were updated about 4 years ago. Our pictures are for 3 of the 4 units. We will be getting pictures soon of unit #1 soon. Units 2 & # are in fair/Average Condition with normal wear and tear. Unit # 4 is in good condition with minor cosmetic defects. These units are located in the professionally managed HOA (Whispering Woods). All units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, Onsite Laundry, & courtesy patrol. All Units have access to the community pool. HOA covers landscaping, security, pool, common areas, and wall-out insurance. All must be purchased as a package with a concurrent close. Due to these being 4 individual single family parcels this portfolio may not be subject to Rent Control. Buyer to verify themselves.

Last Agent to Sell the Property

Ron Benning

LPT Realty, Inc License #01058898 Listed on: 12/27/2024

LPT Realty, Inc

Last Buyer's Agent

Steve Moniz

Premier Properties License #00373244

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • Landscaped

HOA Fees

  • $634 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • City Views

Kitchen

  • Free-Standing Electric Range
  • Disposal

Home Security

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 005-085-057-000

Community Details

Overview

  • Association fees include common areas, maintenance exterior, ground maintenance
  • 4 Units
  • Whispering Woods Association, Phone Number (209) 544-3422
  • Whispering Woods Subdivision
  • Mandatory home owners association

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 4 Units Leased Month-To-Month
  • CPI Adjustment
  • Net Lease

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1970 | Remodeled

Lot Details

10,454 Sq Ft Lot

HOA Fees

$634 per month

Parking

4

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Condominiums
  • Property Subtype 1: Quadruplex
  • Year Built: 1970
  • Architectural Style: Contemporary
  • Stories: 2
  • Subdivision: Whispering Woods
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Free Standing Electric Range
  • Flooring: Varies by Unit
  • Price Per Square Foot: 227.69
  • Square Footage: 3250.00

Exterior Features

  • Construction Materials: Stucco, Frame, Wood
  • Disclosures/Documents: Preliminary Title Report, Natural Hazard Disclosure Available
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 749000.00
  • Lot Features: Shape Irregular, Curbs/Gutters, Landscape Back, Landscape Front
  • New Construction: No
  • Patio And Porch Features: Varies by Unit
  • Pool: No
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Spa: No
  • Topography: Level,Level
  • View Description: City

Garage/Parking

  • Open Parking Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking Features: Garage, See Remarks
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Common Area
  • Water Source: Public
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association Features: Pool
  • Association Fee: 634
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Areas, Maintenance Exterior, Maintenance Grounds
  • Association Name: Whispering Woods
  • Association Phone: (209) 544-3422
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Mandatory Association: Yes

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: Mod-p-d
  • Irrigation: None
  • Lot Size Acres: 0.2400
  • Lot Size Sq Ft: 10454.00
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Income Includes: ["Rent Only"]
  • Existing Lease Type: CPI Adjustment
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100
  • Gross Income Multiplier: 10.840
  • Two Bedroom Rent Range: $1350-$1585
  • Total Number Owner Occupied: 4

Tax Info

  • Assessor Parcel Number: 005-085-057-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Off Market $740,000 -- --
03/31/2025 03/31/25 Sold $740,000 -1.2% $228 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
12/27/2024 12/27/24 For Sale $749,000 +18.9% $230 / Sq Ft
10/29/2020 10/29/20 Sold $629,996 0.0% $185 / Sq Ft View Prior Sale
09/14/2020 09/14/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $629,996 +10.5% $185 / Sq Ft
04/03/2019 04/03/19 Sold $570,000 -1.6% $167 / Sq Ft View Prior Sale
03/04/2019 03/04/19 Pending -- -- --
02/15/2019 02/15/19 Price Changed $579,500 0.0% $170 / Sq Ft
02/15/2019 02/15/19 For Sale $579,500 -1.8% $170 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
10/31/2018 10/31/18 Price Changed $590,000 -1.7% $173 / Sq Ft
09/25/2018 09/25/18 For Sale $600,000 -- $176 / Sq Ft
Source: MetroList

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224153354

MetroList
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