We are pleased to present the investment opportunity at Sutter Avenue in Modesto. This portfolio consists of 5 separate fourplexes for a total of 20 units. The portfolio offers a fantastic unit mix of (15) two-bedroom units and (5) three-bedroom units, with nearly 20% upside in market rents. The property is governed by an HOA with assessments of $120/unit each month. The tenant rules greatly benefit ownership by helping to mitigate littering, noise, and clutter. The major services provided by the HOA include landscaping and garage.
-
General Features
- Year Built 1967
- Property Subtype 5 or More Units
- County Stanislaus
- Association Fee Frequency Monthly
- Association Fee $2,640
- Association Yes
- Association Features Yard Space
-
Building Features
- Carport Spaces 0.00
- Construction Materials Stucco, Frame
- Num Commercial Units 0
- Number of Buildings 5
- Independent Parking Spaces 0
- Number of Floors 2
- Heating Wall Furnace
- Foundation Slab
- Garage Spaces 0.00
- Flooring Tile, Laminate
- Covered Spaces 0.00
- Cooling Wall Unit(s)
- Parking Features Street
- Open Parking Spaces 0.00
- Number of Studio Units 0
- Number of Units Total 20
- Total Parking Spaces 22.00
- Stories 2
- Sewer Public Sewer
- Number of Guest Spaces 0
- Tandem Parking Spaces 0
- Water Source Public
-
Property Features
- Lot Size Source Assessor Agent-Fill
- Lot Size Square Feet 41818.00
- Lot Size Acres 0.96
-
Schools
- Senior High School District Modesto City
- School District County Stanislaus
- Middle or Junior School District Modesto City
- Elementary School District Modesto City
