$1,040,000
$1,075,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1525 Morgan RD Modesto, CA 95358
612 SqFt
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 612 sqft
Price per Sqft $1,699
MLS Listing ID 224133361
Sold Date 06/12/25
HOA Y/N No
Year Built 1960
Lot Size 6,251 Sqft
Acres 0.1435
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
What a great opportunity to invest in a property that has 5 studios, 2 apartment units, and a tire shop! One unit is a two bedroom one bathroom and the second unit is a one-bed one-bathroom. The adjacent parcel has a tire shop and is included in the sale, currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $800/month. The one-bedroom, one-bath is rented for $1,050/month, and the two-bedroom, one-bathroom unit has a monthly rent of $950. Current Gross Annual Income is $102,000. All Units have a separate electricity meter. Tenants pay for electricity, and the landlord pays for water, gas, and trash. Don't miss out!
Location
State CA
County Stanislaus
Area 20106
Direction From Freeway 99, head West on Hatch Rd. Turn Left on Morgan Rd. At the Stop, turn Right on Morgan Rd. Units are on your Right side.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Tile
Laundry Other
Exterior
Parking Features Uncovered, Guest Parking Available
Utilities Available City, Electric
Water Access Desc Public
Total Parking Spaces 9
Building
Lot Description None
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ceres Unified
Middle Schools Ceres Unified
High Schools Ceres Unified
School District Stanislaus
Others
Senior Community No
Tax ID 086-001-033-000
Special Listing Condition None
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