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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $195
MLS Listing ID ML81971380
Sold Date 11/12/24
HOA Y/N No
Year Built 1965
Annual Tax Amount $9,700
Lot Size 7,000 Sqft
Property Description
Here's your rare chance to own a stunning 4-plex rental apartment in Modesto. This property is an incredible investment, with all units featuring 2 bedrooms, a spacious living room, a separate dining room, and an open kitchen layout. Located near stores, hospital, many restaurants, and schools, this property has it all. Boasting a solid starting CAP rate with great potential for increased monthly rents with long-term tenants. It offers easy access to Highway 99 and McHenry Avenue. It's close to Vintage Faire Mall, Costco, Target, and Walmart. For an even more exciting opportunity, the neighboring property at 2617 Chester Drive, with an adjoining green courtyard to 2613 Chester Drive, is also available for separate acquisition. Here's a total of 8 rental units that are excellent additions into your real estate investment portfolio.
Location
State CA
County Stanislaus
Area 699 - Not Defined
Zoning R-QUADRUPLEX
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal, Refrigerator, Vented Exhaust Fan
Exterior
Parking Features Carport, Uncovered
Carport Spaces 8
View Y/N No
Roof Type Composition,Shingle
Accessibility None
Total Parking Spaces 2
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 060013041000
Financing Conventional
Special Listing Condition Standard
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Bought with Sergio Garcia
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960