Log In/Sign Up
Your email has been sent.
1403 Leonard Ave
Modesto, CA 95350
1403 Leonard Ave · Multifamily Property For Sale
·
21 Units
EXECUTIVE SUMMARY
PMZ Commercial Real Estate is pleased to present 1403 Leonard Ave in Modesto, CA. This 21 unit apartment complex offers immediate rental income with strong long term potential through a value add investment strategy.
The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping.
Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved.
Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%.
Please contact listing agent for additional information and Offering Memorandum.
The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping.
Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved.
Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%.
Please contact listing agent for additional information and Offering Memorandum.
PROPERTY FACTS
| Price Per Unit | $138,762 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.37 AC |
| No. Units | 21 | Building Size | 14,751 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price Per Unit | $138,762 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 14,751 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 115-30-04 | Improvements Assessment | $2,603,767 CAD |
| Land Assessment | $699,334 CAD | Total Assessment | $3,303,101 CAD |
PROPERTY TAXES
Parcel Number
115-30-04
Land Assessment
$699,334 CAD
Improvements Assessment
$2,603,767 CAD
Total Assessment
$3,303,101 CAD
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
