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Listed by Sam Roham • Alliant Real Estate And Financial Services Inc.
$899,000
Est. payment /mo
3,574 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,574 sqft
Price per Sqft $251
MLS Listing ID ML82005654
HOA Y/N No
Year Built 1992
Lot Size 0.434 Acres
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate. Motivated seller, bring in all offers.
Location
State CA
County Stanislaus
Interior
Heating Forced Air, Wall Furnace
Cooling Other
Fireplace No
Schools
School District Modesto City High, Modesto City Elementary
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