Presenting a prime fourplex investment opportunity in Modesto. The property at 816 Sutter Ave features one three-bedroom unit and three two-bedroom units, making it ideal for families and long-term tenants. Governed by an HOA with dues of $125 per unit each month, the property benefits from tenant rules that mitigate littering, noise, and clutter. Major services like landscaping and garage maintenance are included, ensuring a well-kept environment. Located in the heart of the Central Valley, this property offers a solid investment opportunity with its desirable unit mix and strong rental demand. Perfect for investors seeking steady returns and minimal hassle.
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$749,999
INVESTORS DREAM!!! Don't miss this rare opportunity to own a well maintained fourplex located in a quiet cul-de-sac, in a desirable Modesto neighborhood. Each of the four units offers spacious 2 bedroom 1 bathroom layouts with open living areas, ample natural light and private outdoor spaces. This property provides immediate cash-flow and strong rental upside. Features include on-site covered
Tyler Uecker Real Broker
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $700,000 | Chicago Title | |
| Grant Deed | $412,500 | Wfg National Title Ins Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $275,000 | Old Republic | |
| Grant Deed | $188,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $150,000 | Fidelity National Title Co | |
| Trustee Deed | $168,498 | Accommodation | |
| Grant Deed | $625,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $5,250,000 | Chicago Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $488,000 | New Conventional | |
| Previous Owner | $290,000 | Unknown | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $141,000 | Commercial | |
| Previous Owner | $437,500 | Unknown | |
| Previous Owner | $3,300,000 | Commercial |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2024 07/19/24 | Sold | $710,000 | -1.3% | $196 / Sq Ft |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- |
| 05/28/2024 05/28/24 | For Sale | $719,000 | +161.5% | $198 / Sq Ft |
| 03/30/2015 03/30/15 | Sold | $275,000 | -3.5% | $80 / Sq Ft |
| 02/23/2015 02/23/15 | Pending | -- | -- | -- |
| 01/12/2015 01/12/15 | For Sale | $285,000 | +51.6% | $83 / Sq Ft |
| 03/07/2013 03/07/13 | Sold | $188,000 | +0.1% | $54 / Sq Ft |
| 01/25/2013 01/25/13 | Pending | -- | -- | -- |
| 01/17/2013 01/17/13 | For Sale | $187,900 | -- | $54 / Sq Ft |
| 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 | $4,988 | $437,747 | $53,060 | $384,687 |
| 2023 | $4,914 | $429,165 | $52,020 | $377,145 |
| 2022 | $4,795 | $420,750 | $51,000 | $369,750 |
| 2021 | $3,338 | $305,334 | $38,858 | $266,476 |
| 2020 | $3,404 | $302,204 | $38,460 | $263,744 |
| 2019 | $3,325 | $296,279 | $37,706 | $258,573 |
| 2018 | $3,166 | $290,470 | $36,967 | $253,503 |
| 2017 | $3,090 | $284,776 | $36,243 | $248,533 |
| 2016 | $3,031 | $279,193 | $35,533 | $243,660 |
| 2015 | $2,094 | $192,625 | $25,614 | $167,011 |
| 2014 | $2,062 | $188,853 | $25,113 | $163,740 |
Source: MetroList
MLS Number: 224057311
APN: 037-44-91
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