Pending

NE Leon Avenue

Modesto, CA 95351
Mark as Favorite

Presenting a fantastic investment opportunity: a fully stabilized four-plex featuring a robust cap rate of 10.12% and a gross annual income surpassing $80,000, resulting in an impressive annualized ROI of 16.25%. With rental incomes ranging from $1,600 to $1,700 per unit, this property has a history of dependable tenants and strong financial performance, making it an attractive choice for any real estate portfolio. Additionally, it holds potential for first-time homebuyers, as the rental income can be leveraged to help qualify for the purchase. This property offers compelling financial returns and the added potential for residential flexibility, making it an outstanding investment opportunity with its attractive cap rate and solid rental income. In addition to that, this property offers a half-acre lot requiring very little maintenance. Additionally, the air conditioning units and heaters are new, with the roof being installed last year. With parking available for 12 cars inside the property, each unit is equipped with separate electric and gas meters, as well as new flooring inside all the units. Furthermore, two new water heaters were recently installed with permits, adding to the property's appeal and value.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $709,000

AD Id : 54896607

MLS Id : 224009791

Year Built : 1968

County : Stanislaus

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

Sell a home like this and save $42,041 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Clementa Way, Modesto, CA, 95351 $465,000 -- -- 2,086 2,086 SqFt
Vito Avenue, Modesto, CA, 95351 $545,000 -- -- 2,039 2,039 SqFt
Pecos Avenue, Modesto, CA, 95351 $605,000 -- -- 2,100 2,100 SqFt
Kenneth Street, Modesto, CA, 95351 $379,999 -- -- 1,546 1,546 SqFt
Roselawn Avenue, Modesto, CA, 95351 $465,000 -- -- 1,796 1,796 SqFt
Vito Avenue, Modesto, CA, 95351 $518,900 -- -- 2,039 2,039 SqFt
Sutter Avenue, Modesto, CA, 95351 $758,800 -- -- --
Colorado Avenue, Modesto, CA, 95351 $429,999 -- -- --
Sutter Avenue, Modesto, CA, 95351 $750,000 -- -- --
Kenneth Street, Modesto, CA, 95351 $399,000 -- -- 1,546 1,546 SqFt

ByOwner last updated this listing 06/13/2026 @ 11:06

MLS: 224009791 LISTED BY: Colin Hoogendoorn, HomeSmart PV & Associates SOURCE: MLS Metrolist

Selling? Save $42,041 when you sell a home like this

Tour with a ByOwner Agent