1525 Morgan RD Active Save Request In-Person Tour Request Virtual Tour
Modesto,CA 95358
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