Multi-Unit Investment Property in Modesto CA.
720 7th Street
Modesto, CA 95350
- 1 bedroom 1 bath units
- Single Story
- Close to Public Transportation
- 3 Year Roof Cert. Included in the Sale
- New Exterior Paint
- Separate Meters
- New Hot Water Heater
- Fenced Yard
- Shop or Possible 3 Car Garage
- Partial Dual Pane Windows
Adorable Mediterranean style 4 plex located in the downtown are of Modesto. All units are 1 bed,1 bath, arched archways, units 1&2 have granite counters, tiled shower stalls, tiled kitchen floors & dual pane windows in the bath & kitchen. Shop located behind units (3 car garage), 3 year roof cert. included with the sale. New exterior paint, new hot water heater, separate meters. Units 3 & 4 have new carpet and have bathtubs instead of shower stalls. Gross Annual Income $30,300. Annual Operating Expenses include: Water, Sewer, Garbage, Insurance, Property Tax, Maintenance Cost = $7,223.46 per year. NOI: $21,562.00 per year. Zoned TD (Transitional Development) with the City of Modesto which is equivalent to C-1 (Neighborhood Commercial). Buyer to contact local municipalities to confirm all zoning and use questions.
Modesto offers the diversity and facilities of a metropolitan city, but still maintains an atmosphere of old fashioned hospitality. Modesto is the 16th largest city in California with a population exceeding 210,000 people and is also the seat of Stanislaus County.
Centrally located on Highway 99, Modesto is easily accessible from throughout California. West of the valley and over the coastal mountain range lies the San Francisco Bay Area, a 90-mile drive from Modesto. Eastward are the foothills that house the famed Gold Country “Mother Lode” and lead to the majestic Sierra Nevada mountain range and Yosemite National Park.