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603 Rio Grande Avenue

Modesto, CA 95351
  • $999,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 223071701
UPDATED: 32 min ago
$999,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Information

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

Description

Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.

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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 2023-09-27T23:39:16.97. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.findmyhomeroseville.com/homes/141957974
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603 Rio Grande Avenue Modesto, CA 95351

  • Price: $999,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 32 min ago
  • MLS #: 223071701
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1953
Built
Neighborhood:
Ceres West of Hwy 99
County:
Stanislaus
Area:
Ceres West of Hwy 99
Elementary School:
Modesto City
Middle School:
Modesto City
High School:
Modesto City
School District:
Stanislaus
Property Description
Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.
Exterior Features

Carport Spaces 0.00 Construction Materials StuccoFrameWood Covered Spaces 0.00 Exterior Features Fenced YardYard Space Foundation Slab Independent Parking Spaces 0 Lot Features CornerSidewalkLandscape Front Num Of Floors 0 Num Of Guest Spaces 0 Open Parking Spaces 0.00 Parking Features StreetVaries By Unit Patio And Porch Features Covered PatioVaries By Unit Roof Composition Tandem Parking Spaces 0 Total Parking Spaces 5.00

Interior Features

Appliances Free Standing Gas OvenFree Standing Gas RangeGas Water Heater Cooling Ceiling Fan(S)CentralWindow Unit(S)Varies By Unit Flooring CarpetTileLaminateVaries By Unit Heating CentralVaries By Unit Laundry Features Varies By Unit Num Of Rooms 12 Num Of Studio Units 0 Num Of1 Bedroom Units 3 Num Of2 Bedroom Units 4 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1 Rent 0 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 No Association Fee 0 Elevation 0 Income Includes Rent Only Irrigation Irrigation DistrictMeter On Site Lease Deposit 0 Lease Term Month To Month Num Of Commercial Units 0 Property Condition Updated/RemodeledVaries By Unit Property Subtype 5 Or More Units Property Type Residential Income Separate Meters Electricity Sewer Septic System Special Listing Conditions Other Studio Annual Occupancy 0 Subtype Description ApartmentsHouse(S) Tenant Pays Electricity Utilities Natural Gas ConnectedCityElectric Water Source Public Zoning Multi Family Dwelling

Metrolist MLS logo Listing provided courtesy of Exp Realty Of California Inc.: . 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 2023-09-27T23:39:16.97. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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