1340 Leonard Avenue
Modesto, CA 95350
1.08 acres | #224044028
Description
**$100,000 Price Reduction. Motivated Seller. Bring Offers** 6.2% CAP on actual income, 8.49% CAP pro-forma Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing unit upgrades and new roofs on 5 buildings at 1406 Leonard. Maximize your ROI potential and secure your financial future with this prime multi-family property.
Interior Details
- Cooling FeaturesOther
Property Details
- Lot DescriptionOther
- Stories2
Measurements
- Acres1.08
Parking
- Parking FeaturesOther
- Parking Spaces33
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1965
Material information
- FoundationOther
Utilities / Energy Details
- Sewer InformationOther
- Utility SourceOther
- Utility FeaturesOther
Community and Neighborhood Details
- CountyStanislaus
- ZoningApartments
Other
- MLS #224044028
Location
Legal
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Last Updated: . Source: METROLISTMLS
Listing Courtesy
Listing Agent: Richard I Rand (#MRANDRIC)
Listing Office: Rand Commercial Properties (#01RACM01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
