2112 Chrysler Dr - Apartments FOR SALE


Modesto, CA 95350- Northwest Modesto
$769,900 USD
209-556-8459
2112 Chrysler Dr, Modesto, CA for Sale
$769,900 USD
Apartments - FOR SALE
1/78
null | 5.59% Cap Rate

2112 Chrysler Dr
Modesto, CA 95350
Northwest Modesto


HIGHLIGHTS

  • Hassle-free investment with onsite management and maintenance handling daily operations.
  • Clean and updated units that are fully leased. All are 2 bedroom 1 bath with a shared 2 car garage.
  • Fully rented fourplex with strong cash flow and the potential to increase revenue by adjusting rents to match market rates.
  • Prime location near top amenities, including Highway 99, Vintage Fair Mall, and major hospitals.

OVERVIEW

This impressive four-plex is located in Modesto's desirable Whispering Woods neighborhood. The property consists of four separate units, each offering two bedrooms and one full bathroom. Unit 1 is a single-story layout with 780 square feet. Unit 2 is a two-story design with 820 square feet and features recent updates, including new carpet, paint, flooring, and cabinet paint. Unit 3 is a two-story layout with 820 square feet. Unit 4 offers an upstairs loft-style design with 800 square feet of living space. Many units have been updated with newer flooring, paint, and cabinetry. The property offers a four-car attached garage, with each tenant having a designated parking space. Newer dual-pane windows enhance energy efficiency. The HOA maintains the on-site laundry facility, grounds, common BBQ area, security patrol, and pool. All units are currently leased, making this an excellent investment opportunity. The property is located minutes from freeway access and major shopping. With on-site property management and maintenance personnel, this is a stress-free investment, providing daily operations and upkeep for investors seeking a hands-off approach. Each unit has it's own APN and can be sold Separately!

FOR SALE DETAILS

PRICE

$769,900 USD

PRICE/SF

$219 USD /SF

# OF UNITS

4

PRICE/UNIT

$192,475

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2112 Chrysler Dr. Modesto 95350

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

436 SF

ZONING

R3

APN/PARCEL ID

005-84-55

ASK ABOUT THIS PROPERTY

Eric HummelEric Hummel - HomeSmartMore Info
209-556-8459

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

Eric HummelEric Hummel - HomeSmartMore Info
209-556-8459

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