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1017 Herndon RD Modesto, CA 95351
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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID FR23009112
Sold Date 06/09/23
HOA Y/N No
Year Built 1944
Lot Size 7,501 Sqft
Property Description
Pro forma cap rate of 8.86%. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.
Location
State CA
County Stanislaus
Area 699 - Not Defined
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Fireplace No
Laundry See Remarks
Exterior
Garage Driveway, Off Street, Unpaved
Pool None
Community Features Urban
Parking Type Driveway, Off Street, Unpaved
Total Parking Spaces 8
Private Pool No
Building
Lot Description Front Yard, Rectangular Lot
Story 1
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 038041041000
Acceptable Financing Cash, Conventional, FHA, Private Financing Available, Submit
Listing Terms Cash, Conventional, FHA, Private Financing Available, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Ricardo Gil • Gil's Real Estate
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