About 603 Rio Grande Avenue
Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.
Features of 603 Rio Grande Avenue
| MLS® # | 223071701 |
|---|---|
| Price | $999,000 |
| Acres | 0.41 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | 5 or More Units |
| Status | Pending |
Community Information
| Address | 603 Rio Grande Avenue |
|---|---|
| Area | Ceres West of Hwy 99 |
| City | Modesto |
| County | Stanislaus |
| State | CA |
| Zip Code | 95351-5443 |
Amenities
| Features | Fenced Yard, Yard Space |
|---|---|
| Parking Spaces | 5 |
| Parking | Street, Varies by Unit |
| Has Pool | No |
Interior
| Interior | Carpet, Tile, Laminate, Varies By Unit |
|---|---|
| Appliances | Free Standing Gas Range, Gas Water Heater, Free Standing Gas Oven |
| Heating | Central, Varies by Unit |
| Cooling | Ceiling Fan(s), Central, Window Unit(s), Varies by Unit |
| Fireplace | No |
Exterior
| Lot Description | Corner, Sidewalk, Landscape Front |
|---|---|
| Roof | Composition |
| Foundation | Slab |
School Information
| Attendance Zone | SHACKELFORD ELEMENTARY SCHOOL, EVELYN HANSHAW MIDDLE SCHOOL, THOMAS DOWNEY HIGH SCHOOL |
|---|---|
| District | Stanislaus |
| Elementary | Modesto City |
| Middle | Modesto City |
| High | Modesto City |
Additional Information
| Zoning | Multi Family Dwelling |
|---|
Listing Details
| Office | eXp Realty of California Inc. |
|---|
