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502 Colorado Avenue, Modesto, CA 95351
$717,700
502 Colorado Avenue, Modesto, CA 95351View this property at 502 Colorado Avenue, Modesto, CA 95351
502 Colorado AvenueModestoCA95351
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Property Description
Don't miss this great investment opportunity! Four homes on nearly 3/4 acre lot with lots of room to expand your income! One unit has been recently remodeled with over $90,000 in upgrades. All these units feature very large font and or back yards with plenty of room for vehicles, RVs, boats or even new buildings. Owner receives $4450 in rents per month. Cap Rate 6.86%
Full Property Details
Full Property Details for 502 Colorado Ave
General
- Sold For: $717,700
- Taxes: $7,362
- Status: Closed
- Type: Multi-Family
- MLS ID: 224014787
- Added to Site: 102 day(s) ago
Interior
- Flooring: Carpet, Tile
Rooms
Other Rooms
- Laundry: Other
Additional Information
- Security/Safety: Carbon Mon Detector, Smoke Detector
Parking
- Parking Features: Open, RV Storage
- Parking: Open, RV Storage
Location
- County: Stanislaus
- Cross Streets: South Ave
- Driving Directions: From South Ave turn south onto Colorado,
School Information
- School District: Stanislaus
- Elementary School: Modesto City
- Middle School: Modesto City
- High School: Modesto City
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Wall Unit(s)
- Heating Type: Electric
Structural Information
- Construction: Wood
- Roof: Composition, Metal
- Stories/Levels: 1
- Year Built: 1914
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
Unit 1
- Square Feet: 1000
- Bedrooms: 2
Unit 2
- Square Feet: 350
- Bedrooms: 1
Unit 3
- Square Feet: 780
- Bedrooms: 2
Unit 4
- Square Feet: 650
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.7252
- Lot Size (Sq. Ft.): 31,590
- Zoning: R1
Financial Considerations
- Price Per Sq. Ft.: $376.15
- Price Per Acre: $989,658.03
- Tax Amount: $7,362
- Terms: Cash, Conventional
- Tenant Pays: Rent Only, Electricity
- Tenant Expense: Rent Only, Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
Listed by Joslin Real Estate
Sold by Bayview Residential Brokerage
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Schools
Schools serving 502 Colorado Ave
School Districts:Modesto City Elementary School District, Modesto City High School District
Rating | Name | Grades | Distance |
---|---|---|---|
515 Sutter Ave, Modesto, CA 95351 | K-6 | 0.3 mi | |
707 S Emerald Ave, Modesto, CA 95351 | 7-8 | 0.9 mi | |
18 H St, Modesto, CA 95351 | 9-12 | 0.5 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 502 Colorado Ave
Date
Details
Price
Change
Source
4/25/2024
Sold
$717,700
21.85%
MLS
2/21/2024
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
502 Colorado Avenue, Modesto, CA 95351 (MLS# 224014787) is a Multi-Family property that was sold at $717,700 on April 25, 2024. Want to learn more about 502 Colorado Avenue? 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.