101107 I Street, Modesto, CA 95351
- $1,325,000
- List Price
- $1,325,000
- Status
- ACTIVE
- MLS#
- ML82048970
- Year Built
- 1920
- Lot Size
- 8,207
- Acres
- 0.19
- Days on Market
- 58
- Property Type
- Commercial
Property Description
101 I St, 107 I St, and 510 S Washington St present a unique opportunity to acquire a three-parcel multifamily portfolio totaling eight units in the established downtown Modesto neighborhood. The property consists of four separate residential buildings situated on individual parcels, offering investors the flexibility of separate financing, resale, or long-term hold strategies. The portfolio features a mix of six one-bedroom/one-bath units and two two-bedroom/one-bath units, appealing to a broad tenant base seeking affordable housing in close proximity to employment, retail, and transit options in downtown Modesto. Each building sits on its own legal parcel, with one parcel featuring a detached ADU, allowing for future disposition flexibility and potential value-add opportunities through operational improvements and market rent growth.
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Additional Information
- Taxes
- $15,496
- Cooling
- Yes
- Roof
- Shingle
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $131,616
Listing courtesy of Listing Agent: Theodore Wong (theodore.wong@compass.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.