1432 Scenic Drive, Modesto, CA 95355

$1,325,000
List Price
$1,325,000
MLS#
20008317
Type
Multifamily
Zip
95355
city
Modesto

Property Description

The properties were recently rezoned from R1 low density to P-D (planned development) with current preliminary plans for a 49-unit apartment complex (No full set of plans). The Proposed Project will have 1 primary access point (Westerly Access) that will act as an entrance and exit for residents and guests, 1 secondary access point (Easterly Access) for emergency vehicles, and an exit only for residents and guests with access points located along Scenic Drive. The proposed amenities consists of a recreation room, gym, tot lot, BBQ area, and Trail Access. 48,255 SF - Gross Leasable Area +/- 2.25 Acres - Lot Size The properties currently have two homes residing on each lot. 1442 Scenic Dr is a three bedroom one bathroom home that is currently rented out at $500/month, tenant pays utilities and is on a month to month lease. 1432 Scenic Dr is a three bedroom two bathroom home that is currently rented out at $1,600/month, tenant pays utilities and is on a month to month lease.

Additional Information

Tenant Pays
Electric, Garbage, Sewer, Water
Land Area (Acres)
0.168
Year Built
1925
Number of Buildings
2
Number of Individual Units
2
Number of 3 Bedroom Units
2
Number Leasable
2
Furnished
None
Covered Parking Spots
0
Uncovered Parking Spots
0
Garages
0
Roof Description
Other-Rmks
Amenities
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Courtesy of Allison James Estates & Homes, .

metrolist logo

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 2020 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.

Terms of Use