101107 I Street,Modesto, CA 95351
Modesto, CA 95351
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.
Details
| MLS # | ML82048970 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 85 |
| Listing Provided By | Compass | Theodore Wong |
Features
| SQ Feet | 4,298 |
|---|---|
| Units | 8 |
| Building(s) | 4 |
| Zoning | R3 |
| Acreage | 0.19 |
Interior
| Cooling Yes / No | Yes |
|---|
Exterior
| Roof | Shingle |
|---|
Taxes
| Property | 15496 |
|---|
Area Information
| State | CA |
|---|---|
| County | Stanislaus |
| City | Modesto |
| Zip Code | 95351 |
| Area | 699 Not Defined |
| Listing VS Median (in 95351) | |
Price: $1,325,000 low | high Med: $1,325,000 sqft: 4,298 low | high Med: 4,298 $ / sqft: $308 low | high Med: $308 On site: 85 low | high Med: 85 | |
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Learn More About This Property
| State | CA |
|---|---|
| County | Stanislaus |
| City | Modesto |
| Zip Code | 95351 |
| Area | 699 Not Defined |
| Listing VS Median (in 95351) | |
Price: $1,325,000 low | high Med: $1,325,000 sqft: 4,298 low | high Med: 4,298 $ / sqft: $308 low | high Med: $308 On site: 85 low | high Med: 85 | |