CA > Modesto
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
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Ian Michael

Ian Michael

+1(714) 723-1545
$ 899,000
Est. payment | /mo

3,574 SqFt

Save
$ 899,000
Est. payment | /mo
Save

3,574 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,574 sqft

Price per Sqft $251

MLS Listing ID ML82005654

HOA Y/N No

Year Built 1992

Annual Tax Amount $4,400

Lot Size 0.434 Acres

Property Sub-Type Quadruplex

Property Description

cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate. Motivated seller, bring in all offers.

Location

State CA

County Stanislaus

Area 699 - Not Defined

Zoning residential

Interior

Heating Central, Wall Furnace

Cooling Central Air

Fireplace No

Exterior

Carport Spaces 8

View Y/N No

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter

Schools

School District Other

Others

Tax ID 030013086000

Special Listing Condition Standard

CRMLS – RECore
Listed by Sam Roham Alliant Real Estate And Financial Services Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California, 9021290212, USA

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833 Spencer AVE