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618 J Street

Modesto, CA 95354
  • $1,499,900
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: 222120868
UPDATED: 48 min ago
$1,499,900
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1939
County:

School Information

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

Description

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. 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. Seven of the nine units have recently been remodeled (2018/2019). 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.

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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 2023-02-03T07:39:38.973. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.findmyhomeroseville.com/homes/133391539
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618 J Street Modesto, CA 95354

  • Price: $1,499,900
  • Status: Active
  • On Site: 131 Days
  • Updated: 48 min ago
  • MLS #: 222120868
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1939
Built
Neighborhood:
Modesto Downtown & South of Yose
County:
Stanislaus
Area:
Modesto Downtown & South of Yose
Elementary School:
Modesto City
Middle School:
Modesto City
High School:
Modesto City
School District:
Stanislaus
Property Description
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. 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. Seven of the nine units have recently been remodeled (2018/2019). 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.
Exterior Features

Carport Spaces 0.00 Construction Materials Stucco Covered Spaces 0.00 Foundation Raised Independent Parking Spaces 0 Lot Features Shape Regular Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 0.00 Parking Features StreetVaries By Unit Roof Shingle Tandem Parking Spaces 0 Total Parking Spaces 0.00

Interior Features

Appliances Free Standing Gas RangeGas Water HeaterDisposalTankless Water HeaterVaries By UnitFree Standing Electric Range Cooling Window Unit(S) Flooring CarpetLaminateVinylVaries By Unit Heating ElectricGasHeat PumpWall FurnaceVaries By Unit Laundry Features Other Num Of Rooms 0 Num Of Studio Units 7 Num Of1 Bedroom Units 2 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 350 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 975 Unit1 Rooms 2 Unit1 Type Apartment Unit2 Approx Sq Ft 350 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 735 Unit2 Rooms 2 Unit2 Type Apartment Unit3 Approx Sq Ft 350 Unit3 Bedrooms 0 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 926 Unit3 Rooms 1 Unit3 Type Studio Unit4 Approx Sq Ft 315 Unit4 Bedrooms 0 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 1000 Unit4 Rooms 1 Window Features Dual Pane PartialVaries By UnitLow E Glass Partial

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 Other Irrigation None Lease Deposit 0 Lease Term Lease/Month To Month Mix Num Of Commercial Units 0 Operating Expense Includes Vacancy Allowance Other Equipment Low-Flow Toilet(S)Dual Flush ToiletVaries By UnitLow-Flow Shower(S) Property Condition Updated/RemodeledVaries By Unit Property Subtype 5 Or More Units Property Type Residential Income Separate Meters NoneSee Remarks Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Apartments Tenant Pays Other Utilities Cable AvailableNatural Gas ConnectedCityElectricInternet Available Water Source Meter On SitePublic Zoning Multi Family/Td

Metrolist MLS logo Listing provided courtesy of Janel Hill Realty: . 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 2023-02-03T07:39:38.973. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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