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800 Sutter Avenue $3,250,000

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    800 Sutter Avenue Modesto, CA 95351

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 222048861
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    Views: 65

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    Property Details

    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

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    Neighborhood

    95351 (Modesto) Demographics

    29 Median Age
    5,354 Population Density (per sq. mile)
    12% College Educated
    $44,517 Estimated Median Income
    6,641 Estimated Total Home Owners
    6,800 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    48,844 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $405,000 Median Sales Price
    29 Homes Sold
    24 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,250,000
        6/16/2022 9:03:28 PM Price Reduced Source: Multiple Listing Service New Value: $3,250,000 -11.56%
        4/20/2022 4:03:00 PM New in Database Source: Multiple Listing Service New Value: $3,675,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 6/27/2022 4:03:18 AM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.