618 J Street, Modesto, CA 95354

$1,499,900
2
BD
3
Full Baths
1,365
SqFt
List Price
$1,499,900
MLS#
222120868
Status
ACTIVE
Bedrooms
2
Bathrooms
3
Living Sq. Ft
1,365
Type
Multifamily
Zip
95354
city
Modesto

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.

Additional Information

Tenant Pays
Other
Land Area (Acres)
0.2411
Year Built
1939
Number of Buildings
3
Number of Studio Units
7
Number of 1 Bedroom Units
2
Number Leasable
9
Roof Description
Shingle
Special Conditions
None

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Janel Hill Realty.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2022 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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