Apartment Buildings /CA /Stanislaus County /Modesto /721 Erickson Ave
Apartment Buildings /CA /Stanislaus County /Modesto /721 Erickson Ave

721 Erickson Ave - Apartments FOR SALE


Modesto, CA 95351 | 
$645,000 USD
209-765-7771
721 Erickson Ave, Modesto, CA for Sale
$645,000 USD
Apartments - FOR SALE
1/17
null | 8.35% Cap Rate
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721 Erickson Ave
Modesto, CA 95351

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HIGHLIGHTS

  • 5 affordable units, never vacant
  • Each 1 Bd 1Bth Unit has living room, kitchen/dining, laundry area and private back patio
  • all units share large covered front patio, parking for 10 vehicles

OVERVIEW

Great Investment Opportunity and Cash Flow. All units are rented month to month and are expecting rent increase's Tenants pay all utilities ex. water and garbage (approx $270./mo) Property has rock driveway, newer roof, fencing and septic system Cash Buyer discount

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

5

PRICE/UNIT

$129,000

CAP RATE

8.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRE Properties

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-3

APN/PARCEL ID

038-11-22

ASK ABOUT THIS PROPERTY

Gregg HelmHomeSmart PV & AssociatesMore Info
209-765-7771

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Gregg HelmHomeSmart PV & AssociatesMore Info
209-765-7771

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