3.75% Subto✌️ Two Houses with LTR Cash Flow 💸

Stanislaus County, Modesto, CA, 95350
Sold
Listed at: January 16th, 2024
Price
$45,000
ARV
$440,000
Gross Margin
$395,000
Sq. Footage
1435
Type
Multifamily
Parking
Driveway
Year build
1935
Lot size
0.10 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

📍 Modesto, CA Multifamily

2 Houses on 1 Lot!

2 Bed 1 Bath Units | 700sqft and 735sqft

Purchase Price $411,000

Comps : 1019-Gemini-Ct-Modesto, 2019-Celeste-Dr-Modesto



PURCHASE "SUBJECT-TO" THE EXISTING MORTGAGE


What Buyer is taking over:

Remaining Mortgage: $366,000

Interest Rate: 3.75%

PITI: $2,537

No Balloon

No HOA

No Solar


Total Monthly: $2,537

Current Rental Income: $1300 and $1600 Month to Month


💰 Cash Required to Close: $45000 + closing costs & TC


700 Sqft Unit Photos

735 Sqft Unit Videos

Old Photos From Previous Listing

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Marquis Lutge

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Disposition manager