Overview
About This Listing
RARE OPPORTUNITY! Take advantage of this 9-unit income producing property located in the OPPORTUNITY ZONE. Situated in the downtown area of Modesto, this up-and-coming property is perfectly located for locals and commuters alike with easy access to Hwy 99, the downtown bus station, and the upcoming ACE Train station. A new, beautiful housing and business complex is being built across the street bringing improvements to the whole neighborhood. Downtown features many amenities such as the Gallo Center of the Arts, a variety of cultural venues, entertainment, and local restaurants which are all within walking distance or a short drive from the property. The property boasts 7 studio units and 2 1bed/1bath units spread among 3 separate buildings. All nine units have recently been remodeled (between 2018-2025). Property is professionally managed. Most units have long term tenants on month-to-month leases offering the new owner revenue growth opportunity. This property rents well and rarely has any vacancies. Along with rent, tenants pay a monthly flat rate for utilities. DO NOT DISTURB tenants.
Map Location
Walk Score
Contact Agent
Request a Tour
504 Marlette Street, Ione, CA 95640
-
Source:
Listed by: Coldwell Banker Realty -
Details
$429,000(Negotiable)
1617 El Dorado Street, Stockton, CA 95204
-
Source:
Listed by: RE/MAX Gold Lodi -
Details
$729,999(Negotiable)
251 Middlefield Road, Palo Alto, CA 94301
-
Source:
Listed by: Engel & Volkers Roseville -
Details
$7,988,000(Negotiable)
