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800 Sutter Avenue

Modesto, CA 95351
  • $3,675,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 222048861
UPDATED: 105 min ago
$3,675,000
  • 0
    BEDS
  • 0.96
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1967
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

We are pleased to present the investment opportunity at Sutter Avenue in Modesto. This portfolio consists of 6 separate buildings for a total of 22 units. The portfolio offers a fantastic unit mix of (16) two-bedroom units and (6) three-bedroom units, with nearly 20% upside in market rents. The property is governed by an HOA with assessments of $120/unit each month. The tenant rules greatly benefit ownership by helping to mitigate littering, noise, and clutter. The 22 units will offer an investor nearly a majority control of HOA, given there are 44 units total in the association. The major services provided include landscaping and garage.

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Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-26T23:41:40.05. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.thriverealestatefolsom.com/homes/127885698
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800 Sutter Avenue Modesto, CA 95351

  • Price: $3,675,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 105 min ago
  • MLS #: 222048861
0
Beds
0
Baths
0
½ Baths
0.96
Acres
1967
Built
Neighborhood:
Modesto So of Hwy 132 West of Hw
County:
Stanislaus
Area:
Modesto So of Hwy 132 West of Hw
Elementary School:
Modesto City
Middle School:
Modesto City
High School:
Modesto City
School District:
Stanislaus
Property Description
We are pleased to present the investment opportunity at Sutter Avenue in Modesto. This portfolio consists of 6 separate buildings for a total of 22 units. The portfolio offers a fantastic unit mix of (16) two-bedroom units and (6) three-bedroom units, with nearly 20% upside in market rents. The property is governed by an HOA with assessments of $120/unit each month. The tenant rules greatly benefit ownership by helping to mitigate littering, noise, and clutter. The 22 units will offer an investor nearly a majority control of HOA, given there are 44 units total in the association. The major services provided include landscaping and garage.
Exterior Features

Carport Spaces 0.00 Construction Materials StuccoFrame Covered Spaces 0.00 Foundation Slab Independent Parking Spaces 0 Lot Features None Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0.00 Parking Features StreetUncovered Tandem Parking Spaces 0 Total Parking Spaces 22.00

Interior Features

Cooling Wall Unit(S) Flooring TileLaminateVinyl Heating Wall Furnace Laundry Features Other Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 0 Num Of2 Bedroom Units 17 Num Of3 Bedroom Units 5 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 936 Unit1 Bedrooms 3 Unit1 Full Baths 1 Unit1 Partial Baths 1 Unit1 Rent 1450 Unit1 Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Features Yard Space Association Fee 2640 Association Fee Frequency Monthly Association Fee Includes Common AreasRoadInsuranceTrashMaintenance Grounds Association YN Yes Elevation 0 Income Includes Rent Only Irrigation See Remarks Lease Deposit 0 Num Of Commercial Units 0 Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description ApartmentsPlanned Unit Develop Utilities City Water Source Public Zoning P-D

Metrolist MLS logo Listing provided courtesy of Colliers Parrish Intenational Inc.: . Listing information © 2022 MetroList Services, Inc.


Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-26T23:41:40.05. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Thrive Real Estate Folsom
718 Sutter Street Suite 100
Folsom CA, 95630