120 Almond AVE
Multi-Family $ 525,000

120 Almond AVE

Modesto, CA 95354

  • 2,085 SqFt
  • 7,400 Lot Size
  • 1964 Year Built
INVESTORS & OWNER-OCCUPIED BUYERS 11.36 GRM AND SPECIAL BELOW-MARKET FINANCING AVAILABLE! Excellent opportunity to own a duplex near Downtown Modesto with a gross potential annual rental income of $46,200 at an asking price of just $525,000! This property features a 3-bedroom, 2-bath unit currently rented for $2,000 per month and a 2-bedroom, 1-bath unit previously rented for $1,850 per month that will be delivered vacant at closing. Live in one unit while collecting rental income from the other, or add this income-producing property to your investment portfolio. Special below-market financing opportunities are available for both qualified owner-occupied and investor buyers! Both units were updated approximately 12-18 months ago. The 2-bedroom unit features a new HVAC system and recently replaced carpeting, while the 3-bedroom unit has a new water heater. Offering approximately 2,085 square feet of living space on a 7,401-square-foot lot, with separate garages and laundry in each unit. The rear unit's garage may offer potential for an ADU conversion, subject to local approvals and buyer verification. Conveniently located near Downtown Modesto, shopping, restaurants, parks, and major transportation routes. With an attractive 11.36 GRM, a vacant unit for immediate occupancy or leasing, and special financing opportunities, this duplex is worth a closer look!
Listed by LPT Realty, Inc

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 085 sqft

    Price per Sqft $251

    MLS Listing ID 226134546

    HOA Y/N No

    Year Built 1964

    Lot Size 7,400 Sqft

    Acres 0.1699

    Lot Dimensions 50X148X50x148

    Property Sub-Type Duplex

    Source MLS Metrolist

    Unit Mix and Rents • Unit 1: Type: Apartment · SqFt: 1085 · Bedrooms: 3 · Full Baths: 2 · Total Rooms: 5 · Occupancy: Tenant · Rent: 2000 · SqFt Source: Not Measured
    • Unit 2: Type: Apartment · SqFt: 1000 · Bedrooms: 2 · Full Baths: 1 · Total Rooms: 4 · Occupancy: Tenant · Rent: 1850 · SqFt Source: Not Measured

  • Location

    State CA

    County Stanislaus

    Area 20104

    Direction From Highway 99, take Exit 229 for Carpenter Road/Briggsmore Avenue. Head east on Briggsmore Avenue, turn right onto McHenry Avenue, then turn left onto Almond Avenue. Continue to 120 Almond Avenue.

  • Rooms

    Other Rooms Unit-1 Type: Apartment Approx SqFt: 1085 Bedrooms: 3 Full Baths: 2 Total Rooms: 5 Occupancy: Tenant Rent: 2000 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 1000 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1850 SqFt Source: Not Measured

  • Building

    Lot Description Shape Regular, Curbs/Gutters

    Story 1

    Foundation Raised

    Sewer Public Sewer

    Water Meter on Site, Public

    Architectural Style Ranch

    Level or Stories One

  • Interior

    Heating Central

    Cooling Central

    Flooring Carpet, Tile

    Window Features Window Coverings

    Appliance Free Standing Gas Range, Dishwasher

    Laundry Washer/Dryer Hookups

  • Exterior

    Parking Features Off Street, Detached, Garage

    Garage Spaces 2.0

    Utilities Available City

    Water Access Desc Meter on Site,Public

    View City

    Roof Type Composition

    Topography Level

    Porch Uncovered Patio

    Total Parking Spaces 4

  • Schools

    Elementary Schools Modesto City

    Middle Schools Modesto City

    High Schools Modesto City

    School District Stanislaus

  • Others

    Senior Community No

    Tax ID 111-005-060-000

    Space Rent $3,850

    Special Listing Condition None

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CONTACT

Ron Benning
Ron Benning

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