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Listed by Theodore Wong • Compass, DRE#02016737
$ 1,325,000
Est. payment /mo
New
Address not disclosed Modesto, CA 95351
4 Beds
3 Baths
4,298 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,298 sqft
Price per Sqft $308
MLS Listing ID ML82048970
Bedrooms 4
Full Baths 3
Year Built 1920
Lot Size 8,207 Sqft
Property Sub-Type Five or More Units
Property Description
101 I St, 107 I St, and 510 S Washington St present a unique opportunity to acquire a three-parcel multifamily portfolio totaling eight units in the established downtown Modesto neighborhood. The property consists of four separate residential buildings situated on individual parcels, offering investors the flexibility of separate financing, resale, or long-term hold strategies. The portfolio features a mix of six one-bedroom/one-bath units and two two-bedroom/one-bath units, appealing to a broad tenant base seeking affordable housing in close proximity to employment, retail, and transit options in downtown Modesto. Each building sits on its own legal parcel, with one parcel featuring a detached ADU, allowing for future disposition flexibility and potential value-add opportunities through operational improvements and market rent growth.
Location
State CA
County Stanislaus
Area Modesto So Of Hwy 132 West Of Hwy 99
Zoning R3
Interior
Heating Central Forced Air - Gas
Cooling Ceiling Fan
Exterior
Parking Features Off-Site Parking, On Street
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 104-027-003-000
Security Features None
Special Listing Condition Not Applicable
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