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I (Eye) Street Portfolio 1 Multifamily Properties Offered at $1,325,000 in Modesto, CA
Investment Highlights
- Diverse unit mix featuring six 1BD/1BA units and two 2BD/1BA units catering to workforce housing demand
- Opportunity for rent growth through unit renovations, professional management, and lease-up of one vacant 2BD unit
- Four separate residential buildings totaling 4,298 SF on 8,207 SF of land
- Located near Downtown Modesto employment centers, retail, dining, and transportation corridors
Executive Summary
101 I St, 107 I St, and 510 S Washington St present a unique opportunity to acquire
a three-parcel multifamily portfolio totaling eight units in the established downtown
Modesto neighborhood. The property consists of four separate residential buildings
situated on individual parcels, offering investors the flexibility of separate financing,
resale, or long-term hold strategies.
The portfolio features a mix of six one-bedroom/one-bath units and two
two-bedroom/one-bath units, appealing to a broad tenant base seeking affordable
housing in close proximity to employment, retail, and transit options in downtown
Modesto.
Each building sits on its own legal parcel, with one parcel featuring a detached
ADU, allowing for future disposition flexibility and potential value-add opportunities
through operational improvements and market rent growth.
a three-parcel multifamily portfolio totaling eight units in the established downtown
Modesto neighborhood. The property consists of four separate residential buildings
situated on individual parcels, offering investors the flexibility of separate financing,
resale, or long-term hold strategies.
The portfolio features a mix of six one-bedroom/one-bath units and two
two-bedroom/one-bath units, appealing to a broad tenant base seeking affordable
housing in close proximity to employment, retail, and transit options in downtown
Modesto.
Each building sits on its own legal parcel, with one parcel featuring a detached
ADU, allowing for future disposition flexibility and potential value-add opportunities
through operational improvements and market rent growth.
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Property Facts
| Price | $1,325,000 | Number of Properties | 3 |
| Price / SF | $505.34 / SF | Individually For Sale | 0 |
| Cap Rate | 7.26% | Total Building Size | 2,622 SF |
| Sale Type | Investment | Total Land Area | 0.08 AC |
| Status | Active |
| Price | $1,325,000 |
| Price / SF | $505.34 / SF |
| Cap Rate | 7.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,622 SF |
| Total Land Area | 0.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
101 I
101 I St, Modesto, CA 95351 |
Multifamily | 2,622 SF | 1932 | - |
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I (Eye) Street Portfolio
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