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,… Read More 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. Read Less
Courtesy of Compass, Theodore Wong 650-228-9930
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
4,298
Lot Size
0.19 Acres
Year Built
1920
MLS Number
ML82048970
30 Days Snapshot Of 95351
$492k
+17%
(avg) sold price
2
+100%
homes sold
20
-72%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8207.00, Max Area Units: Square Feet, Lot is 0.18840679522498 acres
Accessibility Features
None
Unit One
1 bedroom
Unit Two
bedrooms: 2
Unit Four
1 bedroom
Building
4,298 structure square feet, Age: 106, Built in 1920, 4 buildings, 8 minimum units in complex
Cooling
Ceiling Fan
Foundation
Concrete Slab
Garage
Off-Site Parking, On Street
Water Features
Public
Heating
Central Forced Air - Gas
Tenant Pays
None
Miscellaneous
Total expenses: 31492
Property
Zoning: R3
Roof
Shingle
Security Features
None
Taxes
Annual tax amount: $15,496
Sewer
Sewer - Public
Utilities
Separate Electric, Separate Gas, Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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