CA > Modesto
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
Modesto, CA 95351,833 Spencer AVE
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Listed by Sam Roham • Alliant Real Estate And Financial Services Inc.
$949,000
Est. payment /mo
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9 Beds
4.5 Baths
3,574 SqFt
New

833 Spencer AVE Modesto, CA 95351

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Nadia Elkhatib

Nadia Elkhatib

+1(650) 906-1563

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,574 sqft

Price per Sqft $265

MLS Listing ID ML82005654

Bedrooms 9

Full Baths 4

Half Baths 1

Year Built 1992

Lot Size 0.434 Acres

Property Sub-Type Fourplex

Property Description

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.

Location

State CA

County Stanislaus

Area Modesto So Of Hwy 132 West Of Hwy 99

Zoning residential

Interior

Heating Central Forced Air, Wall Furnace

Cooling Central AC, Other

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter

Sewer Septic Connected

Water Individual Water Meter

Level or Stories 1

Others

Tax ID 030-013-086-000

Security Features Other

Horse Property No

Special Listing Condition Not Applicable

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agent

Nadia Elkhatib

Agent | License ID: 02049050

+1(650) 906-1563

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