421 14th St - Apartments FOR SALE


Modesto, CA 95354- Downtown Modesto
$625,000 USD
209-447-5533
421 14th St, Modesto, CA for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

421 14th St
Modesto, CA 95354
Downtown Modesto


HIGHLIGHTS

  • Excellent opportunity for first time buyer in sought after rental market.
  • Main structure with 3 units re-built in 2012.
  • Studio and one (1) bedroom unit in standalone structure for added privacy.
  • Significantly below market rents.
  • Ample street parking and private driveway for two of the units.

OVERVIEW

The 14th Street Apartments are a 5-unit investment opportunity ideal for first-time buyers. The main structure features three units rebuilt from the ground up in 2012, and two separate structures offer a studio and one-bedroom unit for added privacy. All units have had significant interior upgrades. With below-market rents, ample street parking, and private driveways for two units, this property offers strong upside in a desirable rental market.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

5

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 14th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,698 SF

ZONING

C-2, Modesto

APN/PARCEL ID

106-18-21

ASK ABOUT THIS PROPERTY

Jason ReisingColliersMore Info
209-447-5533

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Jason ReisingColliersMore Info
209-447-5533

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