618 J Street, Modesto, CA 95354
- $1,499,900
- 2
- BD
- 3
- Full Baths
- 1,365
- SqFt
- List Price
- $1,499,900
- MLS#
- 222120868
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 3
- Living Area
- 1,365
Property Description
RARE OPPORTUNITY! Take advantage of this 9-unit income producing property located in the OPPORTUNITY ZONE. Situated in the downtown area of Modesto, this up-and-coming property is perfectly located for locals and commuters alike with easy access to Hwy 99, the downtown bus station, and the upcoming ACE Train station. Downtown features many amenities such as the Gallo Center of the Arts, a variety of cultural venues, entertainment, and local restaurants which are all within walking distance or a short drive from the property. The property boasts 7 studio units and 2 1bed/1bath units spread among 3 separate buildings. Seven of the nine units have recently been remodeled (2018/2019). Property is professionally managed. Most units have long term tenants on month-to-month leases offering the new owner revenue growth opportunity. This property rents well and rarely has any vacancies. Along with rent, tenants pay a monthly flat rate for utilities. DO NOT DISTURB tenants.
Additional Information
- Year Built
- 1939
Mortgage Calculator
Courtesy of Janel Hill Realty, .
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