$350,000
$415,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 02/09/2024
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223083853
Sold Date 02/09/24
HOA Y/N No
Year Built 1976
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Other
Source MLS Metrolist
Property Description
Welcome to M&T Mobile Home Park, a rare investment opportunity in the city of Modesto, California. This property offers immense rental upside. Four of the six spaces are occupied by park-owned. Two units are vacant and prepared for market rate occupancy. An additional space is vacant and ready for a trailer to be added to the property. There's a clear path for a new owner to generate a pro forma 8%+ cap rate.
Location
State CA
County Stanislaus
Area 20106
Direction Exit 99 at Crows Landing and head south. Turn Left on School Ave.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Carpet, Laminate, Linoleum, Varies by Unit
Laundry Varies by Unit, Washer/Dryer Hookups
Exterior
Parking Features Varies by Unit
Utilities Available City
Water Access Desc Public
Total Parking Spaces 6
Building
Lot Description Sidewalk
Story 1
Foundation None
Sewer Public Sewer
Water Public
Schools
Elementary Schools Modesto City
Middle Schools Modesto City
High Schools Modesto City
School District Stanislaus
Others
Senior Community No
Tax ID 038-029-076
Special Listing Condition Offer As Is
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