1340 Leonard AVE Pending Save Request In-Person Tour Request Virtual Tour
Modesto,CA 95350
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 224044028
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1965
Lot Size 1.080 Acres
Acres 1.08
Property Description
**$100,000 Price Reduction. Motivated Seller. Bring Offers** 6.2% CAP on actual income, 8.49% CAP pro-forma Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing unit upgrades and new roofs on 5 buildings at 1406 Leonard. Maximize your ROI potential and secure your financial future with this prime multi-family property.
Location
State CA
County Stanislaus
Area 20103
Direction Tully Rd to Leonard, head west.
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Garage Other
Utilities Available Other
Water Access Desc Other
Total Parking Spaces 33
Building
Lot Description Other
Story 2
Foundation Other
Sewer Other
Water Other
Schools
Elementary Schools Modesto City
Middle Schools Modesto City
High Schools Modesto City
School District Stanislaus
Others
Senior Community No
Tax ID 115-001-033
Special Listing Condition Other