1385 Canal Street, Modesto, CA 95354

$649,000
List Price
$649,000
MLS#
223106788
Status
PENDING
Type
Multifamily
Zip
95354
city
Modesto

Property Description

Introducing a fantastic investment opportunity: a 6-unit rental complex with three 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units. This property offers a great return on investment and is an ideal option for both seasoned investors and those looking to start or expand their real estate portfolio. The rental complex experiences strong demand for housing, making it a secure long-term investment. With its convenient location, tenants have easy access to amenities, schools, parks, and public transportation, ensuring a high occupancy rate and consistent rental income. Several units have been updated. Additionally, there is an additional structure on the property that could potentially be converted into a 7th unit. New sewer lines were installed on every unit in May 2023, connecting to the city sewer. Each unit has its own electric and gas meter.

Additional Information

Tenant Pays
Electricity, Gas
Land Area (Acres)
0.4591
Year Built
1948
Number of Buildings
7
Number of 1 Bedroom Units
3
Number of 2 Bedroom Units
3
Number Leasable
6
Roof Description
Composition

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of HomeSmart PV & Associates.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2024 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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