Address
409 N 1st Street, Patterson, CA
Price
$ 1,995,500
Property Attributes
- MLS#223112124
- TypeIncome
- CountySTANISLAUS
- CityPatterson
- AreaPatterson
- Zip95363
- StyleBungalow
- Price$ 1,995,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.13 Acres
Data Source:
MetroList MLS
Property Description
10 Unit Garden Apartment Village in walking distance to downtown Patterson. The property is located in a Federal Opportunity Zone. 409 North First Street is a 10-unit Garden-style multi-family property in Patterson California. The First Street Village totals 10 units and are a unique investment opportunity within the Patterson market. This property is a high-yield investment opportunity that includes in-place cash flow and long-term tenants. Highlights include in-unit washers and dryer hookups, carports and gas stoves in the kitchens. Heat is provided via wall heaters and A/C via efficient window units. The potential of this investment can be further maximized through continued value-added initiatives, including exterior improvements, branding, and landscaping. Proximity to the commuter routes and easy access to downtown Patterson will continue to ensure that 409 North First Street remains one at a high occupancy rate. The property is conveniently located within walking distance of the Highway 33 and Las Palmas retail corridors and Public Schools. Strong job growth and expanding neighborhoods have placed a continual spotlight on Patterson for new residents seeking refuge from the San Francisco Bay Area.
| Price History | |
|---|---|
| 2/10/2024 | Listed $1,995,500 |
General Features
| Sewer | In & Connected |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall Unit(s) |
| Utilities | Electric |
| Roof | Composition |
| Appliances | Free Standing Gas Oven,Free Standing Gas Range,Gas Water Heater |
| Garage Spaces | 0.0 |
| Patio/Porch Features | Other |
| Architectural Style | Bungalow |
| Construction Materials | Frame |
| Year Built | 1945 |
| Tenant Pays | Other |
| View | Other |
| Stories | 1 |
| Levels | One |
| Loading | Other |
| Property SubType | 5 or More Units |
| County | Stanislaus |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | From Interstate 5 take Sperry Avenue to (L) First Street travel North Property is on the right. |
| City | Patterson |
| Buyer Agent Compensation | 2 |
| High School District | Patterson Joint |
| Zoning Description | Medium Density Residential |
| Open Parking Spaces | 10.0 |
| MLS Area | 20308 |
| Lot Size Square Feet | 49223.0 |
| Carport Spaces | 10.0 |
| Street Name | 1st |
| Standard Status | Active |
| Middle/Junior School District | Patterson Joint |
| Elementary School District | Patterson Joint |
| Year Built Source | Owner |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Basement | None |
|---|---|
| Flooring | Tile |
| Total Stories | 1 |
| Furnished Units | None |
| Window Features | Other |
| Street Suffix | Street |
| OtherUnits | Detached Cottage |
| Laundry Features | Other |
Exterior Features
| Parking Features | Carport |
|---|---|
| Lot Features | Shape Regular |
| Water Source | Public |
| Total Parking | 20.0 |
| Foundation Details | Slab |
| Number of Buildings | 10 |
| Lot Size Acres | 1.13 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 10.0 |
| Other Equipment | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95363
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: April 29, 2024 3:34 PM UTC 