Address
1340 Leonard Avenue, Modesto, CA
Price
$ 4,488,000
Property Attributes
- MLS#224044028
- TypeIncome
- CountySTANISLAUS
- CityModesto
- AreaModesto
- Zip95350
- Style5 or More Units
- Price$ 4,488,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.08 Acres
Data Source:
MetroList MLS
Property Description
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.
| Price History | |
|---|---|
| 4/29/2024 | Listed $4,488,000 |
General Features
| Sewer | Other |
|---|---|
| Heating | Other |
| Cooling | Other |
| Utilities | Other |
| Unit 1 Rent | 1150 |
| Garage Spaces | 0.0 |
| Construction Materials | Other |
| Year Built | 1965 |
| Stories | 2 |
| Property SubType | 5 or More Units |
| County | Stanislaus |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Tully Rd to Leonard,head west. |
| City | Modesto |
| Buyer Agent Compensation | Negotiable |
| High School District | Modesto City |
| Zoning Description | Apartments |
| Open Parking Spaces | 0.0 |
| Total Units | 33 |
| MLS Area | 20103 |
| Lot Size Square Feet | 47045.0 |
| Carport Spaces | 0.0 |
| Street Name | Leonard |
| Standard Status | Active |
| Middle/Junior School District | Modesto City |
| Elementary School District | Modesto City |
| Year Built Source | Other |
| Buyer Agent Compensation Type | Dollar |
Interior Features
| Flooring | Other |
|---|---|
| Total Stories | 2 |
| Unit 1 Full Baths | 1 |
| Unit1Bedrooms | 1 |
| Street Suffix | Avenue |
| Laundry Features | Other |
| Unit 1 Bedroom Units Total | 33 |
Exterior Features
| Parking Features | Other |
|---|---|
| Lot Features | Other |
| Water Source | Other |
| Total Parking | 33.0 |
| Foundation Details | Other |
| Number of Buildings | 7 |
| Lot Size Acres | 1.08 |
| Lot Size Source | Not Verified |
| Covered Spaces | 0.0 |
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 95350
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: May 17, 2024 11:48 AM UTC 