Pending
1340 Leonard Avenue
Modesto CA, 95350
$3,950,000
$6,583.33 per sqft
Pending
1 Bed
1 Bath
600 sqft
Multi-family
Built in 1965
** Second Major Price Improvement ** 6% CAP on actual income, 8.25% CAP pro-forma. Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing unit upgrades and new roofs on 5 buildings at 1406 Leonard. Maximize your ROI potential and secure your financial future with this prime multi-family property.
224044028
MLSⓇ ID
April 29, 2024
Listed
August 23, 2024
Updated
Map
1340 Leonard Avenue
Modesto CA, 95350
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Other
Laundry Description
Other
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
1.08 Acres
Lot Features
Other
Sewer
Other
School Information
School District
Modesto City
Other Property Details
Garage
No
Parking
Other
Parking Total
33
View
No
County
Stanislaus
Water Source
Other
Pool
No
Zoning
Apartments
Listing History
Date | Event | Price |
|---|---|---|
8/2/2024 | Pending | — |
7/24/2024 | Price change | $3,950,000 -8% |
6/4/2024 | Price change | $4,250,000 -6% |
Courtesy of Rand Commercial Properties, Richard Rand,
Listing Contact:
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