$1,050,000
$1,100,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
0.64 Acres Lot
SOLD DATE : 11/09/2020
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 20003729
Sold Date 11/09/20
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1963
Lot Size 0.640 Acres
Acres 0.64
Property Description
This property consists of four duplexes for a total of 8 units and sits within a half mile of Highway 99. Each unit is a 2-bedroom and equipped with a single car garage, in-unit washer and dryer hookups, and recently remodeled kitchens in some units. Tenants are within walking distance to the Elementary School, High School, and Downtown Ceres, where you'll find local shops, bars and restaurants. Just over a mile away tenants have access to several national retailers including Home Depot, Ross, Big 5, Starbucks, and many more. This property offers significant upside to prospective buyers via increasing rents to market, implementing a utility bill back system, and the potential of converting units to 3-bedrooms. This is a rare opportunity with the average price per unit on duplexes in the area selling for over $150,000 per unit.
Location
State CA
County Stanislaus
Area 20107
Direction Whitmore Exit on Highway 99 in Ceres, North on Central Ave.
Interior
Heating Wall Furnace, Varies by Unit
Cooling Ceiling Fan(s), Evaporative Cooler, Window Unit(s)
Flooring Carpet, Laminate, Tile, Varies by Unit
Equipment Varies by Unit, None
Window Features Dual Pane Full
Appliance Free Standing Electric Range, Free Standing Gas Range, Free Standing Refrigerator, Varies By Unit
Exterior
Garage Garage, 1+ Space Per Unit
Garage Spaces 8.0
Amenities Available Public Trans Nearby, Yard Space
Roof Type Composition
Building
Story 1
Schools
Elementary Schools Ceres Unified
Middle Schools Ceres Unified
High Schools Ceres Unified
School District Stanislaus
Others
Senior Community No
Tax ID 040-015-005
Special Listing Condition None
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3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States