433 S 7th St | Modesto, CA 95351
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- LoopNet Team
433 S 7th St
Modesto, CA 95351
5.0 Cap on 67% Occupancy/ Upside!! · Multifamily Property For Sale
·
12,363 SF
Investment Highlights
- LOW COST PER SPACE- $34,351 CPU/MANAGEMENT REPOSITION OPPORTUNITY WITH APPROXIMATE $200,000 IN UPSIDE
- 5.0 CAP ON ANNUALIZED CURRENT RENT (67% ECONOMIC OCCUPANCY)
- PATH OF PROGRESS/OPPORTUNITY ZONE - ADJACENT TO SIGNFICANT CITY IMPROVEMENTS - LIONS BRIDGE EXPANSION
- EXISTING LOAN OF APPROXIMATELY $2,350,000 MAY BE REWRITTEN AT MARKET RATES AND BUYER QUALIFICATION
Property Facts
| No. Units | 131 | Building Size | 12,363 SF |
| Property Type | Multifamily | Average Occupancy | 72% |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1965 |
| Lot Size | 8.10 AC | ||
| Zoning | CG, County | ||
| No. Units | 131 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 8.10 AC |
| Building Size | 12,363 SF |
| Average Occupancy | 72% |
| No. Stories | 1 |
| Year Built | 1965 |
| Zoning | CG, County |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 136 | - | - |
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