724 15th St - Apartments FOR SALE


Modesto, CA 95354- Downtown Modesto
$1,800,000 USD
209-521-1591
724 15th St, Modesto, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/6
null | 6.7% Cap Rate

724 15th St
Modesto, CA 95354
Downtown Modesto


OVERVIEW

Discover a unique multifamily investment in the heart of downtown Modesto. This well-located apartment property features 12 studio units and 1 three- bedroom unit, all situated in standalone building s providing tenants with enhanced privacy and no shared walls. With a simple leasing structure that includes all utilities, this asset is easy to manage while offering strong rental appeal. The owner has recently completed all roofing work and significant interior upgrades, ensuring long- term durability and tenant satisfaction. Given the increasing demand for housing in downtown Modesto, this property presents an exceptional opportunity for investors seeking stable cash flow and future appreciation.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

13

PRICE/UNIT

$138,462

CAP RATE

6.7%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13 Unit Apartment Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,498 SF

ZONING

R-3, Modesto

APN/PARCEL ID

106-07-13

ASK ABOUT THIS PROPERTY

Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-521-1591

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Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-521-1591

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