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1385 Canal Street, Modesto, CA 95354
$638,000
1385 Canal Street, Modesto, CA 95354View this property at 1385 Canal Street, Modesto, CA 95354
1385 Canal StreetModestoCA95354
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Property Description
Introducing a fantastic investment opportunity: a 6-unit rental complex with three 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units. This property offers a great return on investment and is an ideal option for both seasoned investors and those looking to start or expand their real estate portfolio. The rental complex experiences strong demand for housing, making it a secure long-term investment. With its convenient location, tenants have easy access to amenities, schools, parks, and public transportation, ensuring a high occupancy rate and consistent rental income. Several units have been updated. Additionally, there is an additional structure on the property that could potentially be converted into a 7th unit. New sewer lines were installed on every unit in May 2023, connecting to the city sewer. Each unit has its own electric and gas meter.
Full Property Details
Full Property Details for 1385 Canal St
General
- Sold For: $638,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 223106788
- Added to Site: 143 day(s) ago
Interior
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Washer/Dryer Hookups
Additional Information
- Security/Safety: Carbon Mon Detector, Smoke Detector
Parking
- Parking Features: Off Street
- Parking: Off-Street Parking
Location
- County: Stanislaus
- Cross Streets: S Santa Cruz Ave
- Driving Directions: *From 12th street *Turn left onto D Street *Turn right onto Yosemite BLVD *Turn right onto S Santa Cruz Ave *Turn left onto Canal St Destination will be on the left.
School Information
- School District: Stanislaus
- Elementary School: Modesto City
- Middle School: Modesto City
- High School: Modesto City
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Wall Furnace
Structural Information
- Construction: Block, Brick, Frame, Wood
- Roof: Composition
- Stories/Levels: 0
- Year Built: 1948
Unit Information
- 1 Bedroom Units: 3
- 2 Bedroom Units: 3
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 2
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.4591
- Lot Size (Sq. Ft.): 19,998
- Zoning: R-3
Financial Considerations
- Price Per Sq. Ft.: $183.23
- Price Per Acre: $1,389,675.45
- Terms: Cash, Other
- Tenant Pays: Electricity, Gas
- Tenant Expense: Electricity, Gas
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by HomeSmart PV & Associates
Sold by HomeSmart PV & Associates
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Schools
Schools serving 1385 Canal St
School Districts:Modesto City Elementary School District, Modesto City High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1602 Monterey Ave, Modesto, CA 95354 | K-6 | 0.5 mi | |
1800 Encina Ave, Modesto, CA 95354 | 7-8 | 0.9 mi | |
641 Norseman Dr, Modesto, CA 95357 | 9-12 | 3.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1385 Canal St
Date
Details
Price
Change
Source
2/21/2024
Sold
$638,000
-1.69%
MLS
11/24/2023
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1385 Canal Street, Modesto, CA 95354 (MLS# 223106788) is a Multi-Family property that was sold at $638,000 on February 21, 2024. Want to learn more about 1385 Canal Street? Do you have questions about finding other Multi-Family real estate for sale in Modesto? You can browse all Modesto real estate or contact a Coldwell Banker agent to request more information.