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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

$525,000

Est. payment - /mo

2,085 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,085 sqft

Price per Sqft $251

MLS Listing ID 226134546

HOA Y/N No

Year Built 1964

Lot Size 7,400 Sqft

Acres 0.1699

Lot Dimensions 50X148X50x148

Property Sub-Type Duplex

Source MLS Metrolist

Property Description

INVESTORS & OWNER-OCCUPIED BUYERS 11.36 GRM AND SPECIAL BELOW-MARKET FINANCING AVAILABLE! Excellent opportunity to own a duplex near Downtown Modesto with a gross potential annual rental income of $46,200 at an asking price of just $525,000! This property features a 3-bedroom, 2-bath unit currently rented for $2,000 per month and a 2-bedroom, 1-bath unit previously rented for $1,850 per month that will be delivered vacant at closing. Live in one unit while collecting rental income from the other, or add this income-producing property to your investment portfolio. Special below-market financing opportunities are available for both qualified owner-occupied and investor buyers! Both units were updated approximately 12-18 months ago. The 2-bedroom unit features a new HVAC system and recently replaced carpeting, while the 3-bedroom unit has a new water heater. Offering approximately 2,085 square feet of living space on a 7,401-square-foot lot, with separate garages and laundry in each unit. The rear unit's garage may offer potential for an ADU conversion, subject to local approvals and buyer verification. Conveniently located near Downtown Modesto, shopping, restaurants, parks, and major transportation routes. With an attractive 11.36 GRM, a vacant unit for immediate occupancy or leasing, and special financing opportunities, this duplex is worth a closer look!

Location

State CA

County Stanislaus

Area 20104

Direction From Highway 99, take Exit 229 for Carpenter Road/Briggsmore Avenue. Head east on Briggsmore Avenue, turn right onto McHenry Avenue, then turn left onto Almond Avenue. Continue to 120 Almond Avenue.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 1085 Bedrooms: 3 Full Baths: 2 Total Rooms: 5 Occupancy: Tenant Rent: 2000 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 1000 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1850 SqFt Source: Not Measured

Interior

Heating Central

Cooling Central

Flooring Carpet, Tile

Window Features Window Coverings

Appliance Free Standing Gas Range, Dishwasher

Laundry Washer/Dryer Hookups

Exterior

Parking Features Off Street, Detached, Garage

Garage Spaces 2.0

Utilities Available City

Water Access Desc Meter on Site,Public

View City

Roof Type Composition

Topography Level

Porch Uncovered Patio

Total Parking Spaces 4

Building

Lot Description Shape Regular, Curbs/Gutters

Story 1

Foundation Raised

Sewer Public Sewer

Water Meter on Site, Public

Architectural Style Ranch

Level or Stories One

Schools

Elementary Schools Modesto City

Middle Schools Modesto City

High Schools Modesto City

School District Stanislaus

Others

Senior Community No

Tax ID 111-005-060-000

Space Rent $3,850

Special Listing Condition None

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Listed by LPT Realty, Inc

120 Almond AVE Modesto, CA 95354