• Rio Grande Avenue Modesto, CA 95351

  • $999,000

  • Bed(s)
  • 0
    Baths
  • 0
    Sq Ft

Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.

Property Type :

ResidentialIncome

County :

Stanislaus

Style :

ResidentialIncome

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Property Details

 

Water/Sewer

Sewer: Septic System

Room Information

Other Rooms : 12

Interior Features

Roof : Composition

Appliances : Free Standing Gas Oven,Free Standing Gas Range,Gas Water Heater

Laundry Features: Varies by Unit

Roofing Information

Composition

Flooring Information

Carpet,Tile,Laminate,Varies by Unit

Heating & Cooling

Heating: Central,Varies by Unit

Cooling: Ceiling Fan(s),Central,Window Unit(s),Varies by Unit

Water Source: Public

Energy

Green Energy: Water Heater

Building Information

Year Built: 1953

Construction: Stucco,Frame,Wood

Roof: Composition

Foundation Details: Slab

Exterior Features

Fenced Yard,Yard Space

Foundation Details: Slab

Porch: Covered Patio,Varies by Unit

Laundry Features

Varies by Unit

Patio And Porch

Covered Patio,Varies by Unit

Lot Information

Lot Description: Corner,Sidewalk,Landscape Front

Lot Square Feet: 17,886

Stories: 1

Topography: Level

Property Information

Property Type: ResidentialIncome

Sub Type: 5 or More Units

Construction Materials: Stucco,Frame,Wood

Property Age: 71

Cross Street: Boulder Ave

Source Neighborhood: 20106

Postal Code Plus 4: 5443

Area: Modesto S: 95351

Zoning: Multi Family Dwelling

Structure Type: Apartments,House(s)

Farm Info

Irrigation Source: Irrigation District,Meter on Site

Listing Price Information

Listing Id: 223071701

List Price: $999,000

Tax Information

Parcel Number: 038-038-042-000

Parking Information

Parking Total: 5

Street,Varies by Unit

Homeowners Association Information

Association YN : No

Calculated Total Monthly Association Fees : $0

School Information

Elementary School District: Modesto City

Junior High School District: Modesto City

Senior High School District: Modesto City

Utility Information

Natural Gas Connected,City,Electric

Location Information

Direction: Going South on 99, exit Hatch Rd. Turn right on Hatch Rd. Turn right on Boulder Ave.

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Nearby Home Value

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E Hatch Road, Modesto, CA,95351 $514,500 3 2 1,379 --
Colorado Avenue, Modesto, CA,95351 $389,000 3 2 1,222 --
Donald Street, Modesto, CA,95351 $299,999 3 1 792 --
Yosemite Avenue, Modesto, CA,95351 $340,000 2 1 940 --
Moffett Road, Modesto, CA,95351 $499,000 3 2 2,192 --
Kenneth Street, Modesto, CA,95351 $349,999 3 2 1,144 --
Walnut Way, Modesto, CA,95351 $495,000 5 3 2,934 --
Desert Pine Court, Modesto, CA,95351 $419,950 4 2 1,438 --
Hudson Lane, Modesto, CA,95351 $349,999 2 1 925 --
Donald Street, Modesto, CA,95351 $489,000 4 3 2,247 --

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ByOwner last updated this listing 06/17/2024 @ 10:22

MLS: 223071701
LISTED BY: Yusuf Nafey, eXp Realty of California Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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