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1017 Herndon Road

Modesto, CA 95351
  • $779,900
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 222147998
UPDATED: 23 min ago
$779,900
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Information

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

Description

MOTIVATED SELLER! With a pro forma cap rate of 7.63%, this is one of the best multi-family investments on the market. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.

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Metrolist MLS logo © 2023 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 2023-01-28T07:40:02.903. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.findmyhomeroseville.com/homes/135371134
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1017 Herndon Road Modesto, CA 95351

  • Price: $779,900
  • Status: Active
  • On Site: 46 Days
  • Updated: 23 min ago
  • MLS #: 222147998
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1944
Built
Neighborhood:
Ceres East of Hwy 99
County:
Stanislaus
Area:
Ceres East of Hwy 99
Elementary School:
Modesto City
Middle School:
Modesto City
High School:
Modesto City
School District:
Stanislaus
Property Description
MOTIVATED SELLER! With a pro forma cap rate of 7.63%, this is one of the best multi-family investments on the market. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.
Exterior Features

Carport Spaces 0.00 Construction Materials Wood Covered Spaces 0.00 Foundation RaisedSlabConcrete Independent Parking Spaces 0 Lot Features Shape Regular Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 0.00 Parking Features Off StreetOpen Tandem Parking Spaces 0 Total Parking Spaces 8.00

Interior Features

Cooling Varies By Unit Flooring Laminate Heating Varies By Unit Laundry Features Varies By Unit Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 1 Num Of2 Bedroom Units 3 Num Of3 Bedroom Units 1 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 700 Unit1 Bedrooms 3 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1025 Unit1 Rooms 5 Unit2 Approx Sq Ft 450 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 3 Unit3 Approx Sq Ft 700 Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 1500 Unit3 Rooms 4 Unit4 Approx Sq Ft 700 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 1025 Unit4 Rooms 4

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association No Association Fee 0 Elevation 0 Income Includes Rent Only Irrigation None Lease Deposit 0 Num Of Commercial Units 0 Property Subtype 5 Or More Units Property Type Residential Income Separate Meters Varies By UnitElectricityGasWater Sewer Septic System Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Mixed UseTownhouses Utilities Natural Gas ConnectedElectric Water Source Public Zoning C-1/R-1

Metrolist MLS logo Listing provided courtesy of Gil's Real Estate: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 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 2023-01-28T07:40:02.903. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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