$699,900
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1017 Herndon RD Modesto, CA 95351
7,501 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID FR23009112
Year Built 1944
Lot Size 7,501 Sqft
Property Sub-Type Mixed Use
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
Interior
Laundry See Remarks
Exterior
Parking Features Driveway, Off Street, Unpaved
Pool None
Community Features Urban
Building
Lot Description Front Yard, Rectangular Lot
Story 1
Sewer Septic Tank
Water Public
New Construction No
Others
Acceptable Financing Cash, Conventional, FHA, Private Financing Available, Submit
Listing Terms Cash, Conventional, FHA, Private Financing Available, Submit
Special Listing Condition Standard
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Bought with Ricardo Gil Gil's Real Estate