$525,000
$575,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
3,750 SqFt
SOLD DATE : 01/27/2025
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $140
MLS Listing ID 224129021
Sold Date 01/27/25
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1890
Lot Size 7,405 Sqft
Acres 0.17
Property Description
We are pleased to present the Semple Street Apartments, a five (5) unit apartment complex located in Modesto, California. The property provides an investor a unique opportunity to own an apartment complex with a stabilized cash flowing investment property near many daily needs and other retail uses. The apartment complex is comprised of three (3) 1-bedroom, 1-bathroom units, ranging from approximately 600 SF to 750 SF and two (2), 2-bedroom, 2-bathroom units that are approximately 900 SF. The complex has a secure entry to each of the units and onsite parking behind the building. Nearby amenities include the Gallo Center for the Arts, Smart & Final, Modesto Children's Museum, and many other downtown dining and entertainment options. Do not disturb tenants.
Location
State CA
County Stanislaus
Area 20104
Direction Take exit 227 off of HWY 99 and onto Kansas Avenue. Continue east on Kansas Ave until it becomes 8th Street. Take a left onto L Street and continue until you reach Needham Street. Take a right on Needham Street and continue until you reach a 5 way intersection. Continue you straight onto Downey Avenue and make a left on Semple Street. The building will be on your left.
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Wall Unit(s)
Flooring Carpet, Vinyl
Laundry Other
Exterior
Parking Features Side-by-Side, Street, Uncovered
Utilities Available Natural Gas Connected, Cable Connected, City, Electric
Water Access Desc Water District,Meter on Site,See Remarks
Roof Type See Remarks
Total Parking Spaces 5
Building
Lot Description None
Story 2
Foundation Raised
Sewer Sewer Connected, See Remarks
Water Water District, Meter on Site, See Remarks
Schools
Elementary Schools Modesto City
Middle Schools Modesto City
High Schools Modesto City
School District Stanislaus
Others
Senior Community No
Tax ID 111-007-031
Special Listing Condition None
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Bought with Alliance Bay Realty