I (Eye) Street Portfolio Multi-Family FOR SALE


Modesto, CA - Downtown Modesto
$1,325,000 USD
408-316-2157
, Modesto, CA for Sale
$1,325,000 USD
Multi-Family - FOR SALE
1/16
null | 7.26% Cap Rate

I (Eye) Street Portfolio
Modesto, CA
Downtown Modesto


HIGHLIGHTS

  • Diverse unit mix featuring six 1BD/1BA units and two 2BD/1BA units catering to workforce housing demand
  • Four separate residential buildings totaling 4,298 SF on 8,207 SF of land
  • Opportunity for rent growth through unit renovations, professional management, and lease-up of one vacant 2BD unit
  • Located near Downtown Modesto employment centers, retail, dining, and transportation corridors

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Sam JaliliCompass CommercialMore Info
408-316-2157

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Sam JaliliCompass CommercialMore Info
408-316-2157

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