$1,275,000

Estimated payment $8,068/month

Total Views 2,483
16 Beds
4 Baths
5,700 Sq Ft
$224 Price per Sq Ft

Highlights

  • No HOA
  • Balcony
  • Patio
  • Fenced Yard
  • Double Pane Windows
  • Coin Laundry

About This Home

Presenting a prime investment opportunity in a well-established neighborhood 16 bedrooms 8 bathrooms 1 studio in North/East Modesto. This well-maintained property features eight income-producing units, 8-2-bed/1-bath units and a detached studio for extra income, complete with a common area laundry room. Offering steady returns with long-term tenants. Seller has done continuous upgrades, including new breaker panels, windows throughout, front blinds. The exterior also boasts a fresh coat of exterior paint along with the roof and asphalt. Whether you're a seasoned investor or looking to start your Real Estate portfolio, this complex delivers stable cash flow and great potential for future rent increases. Don't miss out on this rare opportunity to own property in Modesto's strong rental market. All information is deemed reliable but not guaranteed; buyer to verify.

Listing Agent

Mary Salazar-Barrera

HomeSmart PV & Associates License #02010813 Listed on: 07/15/2025

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.26 Acre Lot
  • Fenced Yard

Home Design

  • Concrete Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 5,700 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Built-In Gas Range

Flooring

  • Carpet
  • Linoleum

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Outdoor Features

  • Balcony
  • Patio

Location

  • Lower Level
  • Upper Level

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected
  • Separate Water Meter
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 032-017-019-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 8 Units Leased Month-To-Month
  • Insurance Expense $5,646

Additional Features

  • Coin Laundry
  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1965
  • Architectural Style: Other
  • Levels: Lower, Upper
  • Stories: 2
  • Number of Two Bedroom Units: 8
  • Number Of2 Bedrooms Occupied: 8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Built-In Gas Range
  • Flooring: Carpet, Linoleum
  • Price Per Square Foot: 223.68
  • Square Footage: 5700.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Wood
  • Exterior Features: Fenced Yard
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1275000.00
  • Lot Features: Curbs/Gutters
  • New Construction: No
  • Patio And Porch Features: Balcony/Deck, Uncovered Patio
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 10.00
  • Parking Features: Uncovered
  • Total Parking Spaces: 10.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Fire Alarm, Fire Extinguisher, Smoke Detector
  • Sewer: Public Sewer, See Remarks
  • Utilities: Cable Available, Electric, Natural Gas Connected, Sewer In & Connected, Other
  • Cooling: Wall Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned
  • Water Source: Meter on Site
  • Separate Meters: Common Area Meter, Electricity, Water, Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: Multifamily
  • Irrigation: None
  • Lot Size Acres: 0.2615
  • Lot Size Sq Ft: 11391.00

Multi Family

  • Income Includes: ["Coin Operated Equipment","Rent Only","Laundry","Storage"]
  • Total Number Leasable: 9
  • Total Number Section8: 3
  • Insurance Expense: 5646
  • Number of Leased Units: 9
  • Number of Month to Month Units: 8
  • Number of Units: 9
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 032-017-019-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Map

Range of Values:

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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
07/15/2025 07/15/25 For Sale $1,275,000 -- $224 / Sq Ft
Source: MetroList

Source: MetroList

MLS Number: 225093349

MetroList