416 6th St, Modesto, CA 95354

$1,850,000
List Price
$1,850,000
MLS#
224057663
Status
ACTIVE
Type
Multifamily

Property Description

Introducing Sixth Street Apartments, a 14-unit property located at 416 6th St in downtown Modesto. This well-maintained complex consists entirely of one-bedroom units, making it ideal for commuting tenants due to its close proximity to freeway access. Most units have undergone upgrades in the last five years, enhancing rental potential. The property features two buildings with roofs that are approximately five years old. Currently, rents are 15-20% below market, providing new ownership with a lucrative opportunity to increase rental income. With its prime downtown location, Sixth Street Apartments represents an excellent investment for those looking to capitalize on Modesto's thriving rental market.

Additional Information

Year Built
1950
Sewer
Public Sewer
Garage
Street, None

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Cosol Commercial Real Estate, .

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