131 Imperial Ave | Modesto, CA 95358
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131 Imperial Ave
Modesto, CA 95358
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 3,408 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1946 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1, Modesto | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 3,408 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1, Modesto |
ABOUT 131 IMPERIAL AVE , MODESTO, CA 95358
8 unit apartment building with $6,800 (pro forma) in gross rents and over 8% cap rate. Large front courtyard. One building holds six one bedroom, one bathroom units, built in 1946, and the second building is two three bedroom, one bathroom units, built around 2008. Owner pays water, garbage, and sewer. Close to shopping, elementary/junior high school and CA-99. See attached rent roll for more information.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $712.50 | 500 |
| 3+1 | 2 | $987.50 | 800 |
PROPERTY TAXES
| Parcel Number | 056-48-24 | Improvements Assessment | $552,040 |
| Land Assessment | $129,890 | Total Assessment | $681,930 |
PROPERTY TAXES
Parcel Number
056-48-24
Land Assessment
$129,890
Improvements Assessment
$552,040
Total Assessment
$681,930
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