1415-1427 Mono Dr - Apartments FOR SALE


Modesto, CA 95354- Southeast Modesto
$250,000 USD
310-704-3616
1415-1427 Mono Dr, Modesto, CA for Sale
$250,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1415-1427 Mono Dr
Modesto, CA 95354
Southeast Modesto


HIGHLIGHTS

  • 1415-1427 Mono Drive presents an eight-unit, six-building apartment property with immense upside.
  • The appraised value is $630,000.
  • There are unoccupied units and under-market rents, presenting value-add opportunities.
  • In the La Loma neighborhood of Modesto, one of the largest neighborhoods about 1 mile east of Downtown.

OVERVIEW

Braun International is pleased to present the eight-unit/ six-building complex in the heart of Merced. The apartment asset currently has under-market rents, vacant units, and projected proforma rents of $92,340 at 75% occupancy. The asset is presented in a completely non-contingent sale. If buyers are obtaining a loan, a lender approval letter is required. The seller is not providing any inspection reports. Inquire today for more information. Upcoming open houses: March 27th at 11:00 AM – 2:00 PM and April 23rd at 11:00 AM – 2:00 PM.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

7

PRICE/UNIT

$35,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R-1, Modesto

APN/PARCEL ID

035-27-12

ASK ABOUT THIS PROPERTY

Todd WohlBraun InternationalMore Info
310-704-3616

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Todd WohlBraun InternationalMore Info
310-704-3616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.