NOT LISTED FOR SALE

3025 Tully Rd Modesto, CA 95350

8 Beds
8 Baths
4,232 Sq Ft
0.72 Acres

Last Sold December 04, 2019

Last sale price $1,600,000 $378 Per Sq Ft

37 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Central Heating and Cooling System
  • Community Pool

About This Home

As of December 2019

FANTASTIC INCOME PROPERTY!!! Large, well-maintained 10-unit apartment in the heart of Modesto. All units are very large 1,058sqft 2bed 2bath. 6 units are two-story in the front building, and 4 units in the back are single-story. Sparkling pool recently re-plastered with newer equipment. 10 covered parking spots. Tennis court area on site used for overflow parking but could possibly be used to build additional units in the future. If you're looking for a well-established income property that is performing well but has upside, look no further!

Last Agent to Sell the Property

Brian Dole

Brian Dole Realty License #01921595 Listed on: 09/07/2019

Co-Listed By

Richard Vande Pol

Vande Pol Realty License #01927041

Last Buyer's Agent

Glenn Chu

Century 21 MM License #01434405

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.72 Acre Lot

Parking

  • 1 Parking Space Included

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $12,625
  • Tenant pays for cable tv electricity sewer water
  • Assessor Parcel Number 054-018-080-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Recreation

  • Community Pool

Building Details

  • 10 Leased Units
  • 9 Units Leased Month-To-Month
  • Operating Expense $47,800
  • Net Operating Income $97,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1978
  • Stories: 2
  • Number of Two Bedroom Units: 10
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Electric Water Heater,Free Standing Electric Range,Microwave
  • Flooring: Carpet,Tile
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Other
  • Foundation: Slab
  • Listing Price: 1650000.00
  • Roof: Tile

Garage/Parking

  • Parking Features: Carport,Guest Parking Available,1+ Space Per Unit

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Water Source: Meter on Site,Public

Condo/Co-op/Association

  • Association Features: Pool
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: P-D
  • Lot Size Acres: 0.7168
  • Lot Size Sq Ft: 31224

Rental Info

  • Tenant Pays: Cable TV,Electricity,Sewer,Water
  • Total Deposit: 12625
  • Total # Leasable: 10

Multi Family

  • Gross Income: 145000
  • Operating Expense: 47800
  • Income Includes: Rent Only
  • Number of Leased Units: 10
  • Number of Month to Month Units: 9
  • Number of Units: 10
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 054-018-080-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

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

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2019 12/04/19 Sold $1,600,000 -3.0% $378 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
09/27/2019 09/27/19 Price Changed $1,650,000 -5.7% $390 / Sq Ft
09/07/2019 09/07/19 For Sale $1,750,000 -- $414 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Dole

    Seller's Agent in 2019

    Brian Dole

    Brian Dole Realty

    (209) 330-3222

    12 Total Sales

    Brian Dole
    Section Image
  • Richard Vande Pol

    Seller Co-Listing Agent in 2019

    Richard Vande Pol

    Vande Pol Realty

    (209) 988-2044

    154 Total Sales

    Richard Vande Pol
    Section Image

  • G

    Buyer's Agent in 2019

    Glenn Chu

    Century 21 MM

See All Agents

Map

Source: MetroList

MLS Number: 19063611

MetroList
California Stanislaus County Modesto 95350

3025 Tully Rd, Modesto, CA

This home is located at 3025 Tully Rd, Modesto, CA 95350 since 07 September 2019. This property was built in 1978. 3025 Tully Rd is a home located in Stanislaus County with nearby schools including Woodrow Elementary School, Somerset Middle School, and Grace M. Davis High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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