cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC’s, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate. Motivated seller, bring in all offers.
Property Details
Price:
$949,000
MLS #:
ML82005654
Status:
Active
Baths:
0
Address:
833 Spencer Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Modesto
Listed Date:
May 6, 2025
State:
CA
ZIP:
95351
Lot Size:
18,886 sqft / 0.43 acres (approx)
Year Built:
1992
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Schools
Interior
Cooling
Central Air
Heating
Central, Wall Furnace
Exterior
Foundation Details
Concrete Perimeter
Garage Spaces
0.00
Parking Spots
0.00
Roof
Composition
Stories Total
1
Financial
Taxes
$4,400
Map
Community
- Address833 Spencer Avenue Modesto CA
- Area699 – Not Defined
- CityModesto
- CountyStanislaus
- Zip Code95351
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