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721 Erickson Ave
Modesto, CA 95351 Modesto

$695,000 USD

Apartments For Sale • 2,200 SF

Property Details

Property Type Apartments
Total Building Size 2,200 SF
Lot Size 0.21 AC
Building Class C
Year Built 1957
Cap Rate 7.54 %
Zoning R-3

0 Transit Score

51 Walk Score

                
                    Highlights
                
                                5 affordable units, never vacant
                            
                                Each 1 Bd 1Bth Unit has living room, kitchen/dining, laundry area and private back patio
                            
                                all units share large covered front patio, parking for 10 vehicles

Financial Summary (Actual)

Net Operating Income: $41,072 USD (2023)

Cap Rate:	7.54 %
Total Expenses:	$11,368 USD

Amenities

Air Conditioning
Washer/Dryer Hookup
Heating
Trash Pickup - Curbside
Ceiling Fans
Tile Floors
Eat-in Kitchen
Kitchen
Oven
Tub/Shower
Double Pane Windows
Patio
Porch
Window Coverings
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Modesto (San Joaquins - Amtrak)	14 min	-	7.3 mi
Airport	Drive	Walk	Distance
Stockton Metro	35 min	-	26.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Gregg Helm 209-765-7771 HomeSmart PV & Associates

721 Erickson Ave Modesto, CA 95351 Modesto