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The 14th Street Apartments 421 14th St 5 Unit Apartment Building $865,313 CAD ($173,063 CAD/Unit) Modesto, CA 95354
INVESTMENT HIGHLIGHTS
- Excellent opportunity for first time buyer in sought after rental market.
- Studio and one (1) bedroom unit in standalone structure for added privacy.
- Ample street parking and private driveway for two of the units.
- Main structure with 3 units re-built in 2012.
- Significantly below market rents.
EXECUTIVE SUMMARY
The 14th Street Apartments are a 5-unit investment opportunity ideal for first-time buyers. The main structure features three units rebuilt from the ground up in 2012, and two separate structures offer a studio and one-bedroom unit for added privacy. All units have had significant interior upgrades. With below-market rents, ample street parking, and private driveways for two units, this property offers strong upside in a desirable rental market.
PROPERTY FACTS
| Price | $865,313 CAD | Building Class | C |
| Price Per Unit | $173,063 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 1,920 SF |
| No. Units | 5 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1895 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | C-2, Modesto | ||
| Price | $865,313 CAD |
| Price Per Unit | $173,063 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,920 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1895 |
| Opportunity Zone |
Yes |
| Zoning | C-2, Modesto |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 106-18-21 | Improvements Assessment | $148,155 CAD |
| Land Assessment | $366,860 CAD | Total Assessment | $515,015 CAD |
PROPERTY TAXES
Parcel Number
106-18-21
Land Assessment
$366,860 CAD
Improvements Assessment
$148,155 CAD
Total Assessment
$515,015 CAD
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The 14th Street Apartments | 421 14th St
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