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Listed by Theodore Wong • Compass • 408-427-8963
$ 1,325,000
Est. payment | /mo
4,298 SqFt
$ 1,325,000
Est. payment | /mo
4,298 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,298 sqft
Price per Sqft $308
MLS Listing ID ML82048970
HOA Y/N No
Year Built 1920
Lot Size 8,207 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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, 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.
Location
State CA
County Stanislaus
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Building
Water Public
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