Modesto, CA 95350,1403 Leonard AVE
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Modesto, CA 95350,1403 Leonard AVE
Modesto, CA 95350,1403 Leonard AVE
Modesto, CA 95350,1403 Leonard AVE
Modesto, CA 95350,1403 Leonard AVE
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Kim Oliver

Kim Oliver

+1(916) 752-9672
$ 2,100,000
Est. payment /mo
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1403 Leonard AVE Modesto, CA 95350

15,115 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 15,115 sqft

Price per Sqft $138

MLS Listing ID 226005378

HOA Y/N No

Year Built 1948

Lot Size 1.376 Acres

Acres 1.3756

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

PMZ Commercial Real Estate is pleased to present 1403 Leonard Ave in Modesto, CA. This 21 unit apartment complex offers immediate rental income with strong long term potential through a value add investment strategy. The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping. Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved. Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%. Please contact listing agent for additional information and Offering Memorandum.

Location

State CA

County Stanislaus

Area 20103

Direction Kearney Ave to Leonard Ave to address

Interior

Heating See Remarks

Cooling See Remarks

Flooring See Remarks

Laundry Varies by Unit

Exterior

Parking Features Varies by Unit

Utilities Available Sewer Connected & Paid, Electric, Internet Available, Other

Water Access Desc See Remarks

Building

Lot Description Other

Story 1

Foundation SeeRemarks

Sewer See Remarks

Water See Remarks

Schools

Elementary Schools Modesto City

Middle Schools Modesto City

High Schools Modesto City

School District Stanislaus

Others

Senior Community No

Tax ID 115-030-004-000

Special Listing Condition None

MetroList® Services, Inc
Listed by PMZ Commercial Real Estate
SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Sherwood Elementary School

    Public | KG - 5

  • 8

    Aspire University Charter

    Public | KG - 5

  • 7

    Martone Elementary

    Public | KG - 6

  • 7

    Mary Lou Dieterich Elementary School

    Public | KG - 6

  • 7

    Great Valley Academy

    Public | KG - 8

  • 6

    Paradise Charter

    Public | KG - 8

  • 6

    Agnes M. Baptist Elementary School

    Public | KG - 6

  • 6

    Enslen Elementary

    Public | KG - 6

  • 6

    Staniford Elementary School

    Public | KG - 5

  • 5

    Everett Elementary

    Public | KG - 6

  • 5

    Fremont Elementary

    Public | KG - 6

  • 4

    Josephine Chrysler Elementary School

    Public | KG - 6

  • 4

    George Eisenhut Elementary School

    Public | KG - 6

  • 4

    Robertson Road Elementary

    Public | KG - 6

  • 4

    Woodrow Elementary School

    Public | KG - 5

  • 4

    Wilson Elementary

    Public | KG - 6

  • 4

    Sylvan Elementary School

    Public | KG - 5

  • 4

    C. F. Brown Elementary School

    Public | KG - 5

  • 2

    Garrison Elementary

    Public | KG - 6

  • 2

    Beard Elementary

    Public | KG - 6

Middle Schools 4
  • 5

    Prescott Junior High School

    Public | 7 - 8

  • 5

    Roosevelt Junior High

    Public | 7 - 8

  • 4

    Somerset Middle School

    Public | 6 - 8

  • 1

    Mark Twain Junior High

    Public | 7 - 8

High Schools 8
  • 7

    Valley Charter High School

    Public | 9 - 12

  • 6

    Modesto High School

    Public | 9 - 12

  • 5

    Thomas Downey High School

    Public | 9 - 12

  • 2

    Grace M. Davis High School

    Public | 9 - 12

  • 1

    Stanislaus Alternative Charter

    Public | 9 - 12

  • 0

    Central Catholic High School

    Private | 9 - 12

  • 0

    Yosemite Regional Occupational Program

    Public | 11 - 12

  • 0

    Robert Elliott Alternative Education Center

    Public | 9 - 12

School and business data provided by Attom Data.
Kim Oliver

Kim Oliver

REALTOR | Investor | SOLIVKIMCA DRE# 02143703

+1(916) 752-9672

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1403 Leonard AVE