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1525 Morgan RD Modesto, CA 95358
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222089119
Sold Date 10/20/22
HOA Y/N No
Year Built 1949
Lot Size 0.287 Acres
Acres 0.287
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
This is an excellent investment property that has 5 fully rented studios along with 2 apartment units. One unit is a 2 bedroom 1 bathroom that is currently rented, while the other unit is a 1 bedroom 1 bathroom that is currently resided in by the owner. The units and property have had recent updates to the kitchen, floors and parking lot. Included in the sale is the adjacent tire shop that is currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $750 a month, and the 2 bedroom unit has a monthly rent of $900 a month. Current Gross Annual Income is $85,800
Location
State CA
County Stanislaus
Area 20106
Direction 99 South, Exit Hatch, Right on Hatch then Left on Morgan. Property is on the right-hand side after the gas station.
Interior
Heating None
Cooling Window Unit(s)
Flooring Tile
Laundry Other
Exterior
Parking Features Uncovered
Utilities Available Electric
Water Access Desc Public
Total Parking Spaces 7
Building
Lot Description Zero Lot Line
Foundation Slab
Sewer In & Connected
Water Public
Schools
Elementary Schools Ceres Unified
Middle Schools Ceres Unified
High Schools Ceres Unified
School District Stanislaus
Others
Senior Community No
Tax ID 086-001-032-000
Special Listing Condition None
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Bought with EXIT Realty Consultants