Homes for sale - 1525 Morgan RD, Modesto, CA 95358

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$1,150,000

Est. payment - /mo

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612 SqFt

New

1525 Morgan RD Modesto, CA 95358

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Leopoldo Ramos

eXp Realty

realestate@leopoldoramos.com +1(209) 988-2423

UPDATED:

12/16/2024 09:57 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 612 sqft

Price per Sqft $1,879

MLS Listing ID 224133361

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1960

Lot Size 6,251 Sqft

Acres 0.1435

Property Description

What a great opportunity to invest in a property that has 5 studios, 2 apartment units, and a tire shop! One unit is a two bedroom one bathroom and the second unit is a one-bed one-bathroom. The adjacent parcel has a tire shop and is included in the sale, currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $800/month. The one-bedroom, one-bath is rented for $1,050/month, and the two-bedroom, one-bathroom unit has a monthly rent of $950. Current Gross Annual Income is $102,000. All Units have a separate electricity meter. Tenants pay for electricity, and the landlord pays for water, gas, and trash. Don't miss out!

Location

State CA

County Stanislaus

Area 20106

Direction From Freeway 99, head West on Hatch Rd. Turn Left on Morgan Rd. At the Stop, turn Right on Morgan Rd. Units are on your Right side.

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Tile

Laundry Other

Exterior

Parking Features Uncovered, Guest Parking Available

Utilities Available City, Electric

Water Access Desc Public

Total Parking Spaces 9

Building

Lot Description None

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Ceres Unified

Middle Schools Ceres Unified

High Schools Ceres Unified

School District Stanislaus

Others

Senior Community No

Tax ID 086-001-033-000

Special Listing Condition None

Listed by EXIT Realty Consultants

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Leopoldo Ramos

Agent | License ID: 02060913

+1(209) 988-2423