Property Details
About this Property
cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate. Motivated seller, bring in all offers.
MLS Listing Information
MLS #
ML82005654
MLS Source
MLSListings, Inc.
Days on Site
5
Interior Features
Cooling
Central Forced Air, Other
Heating
Central Forced Air, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage: 0 Car(s)
Elementary District
Modesto City Elementary
High School District
Modesto City High
Zoning
residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 823 | 2 | 1/0 | $1,287 |
| 2 | 830 | 3 | 1/0 | $1,695 |
| 3 | 900 | 2 | 1/0 | $1,625 |
| 4 | 1,050 | 2 | 1/1 | $1,625 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
833 Spencer Ave is a Residential Income in Modesto, CA 95351. This 3,574 square foot property sits on a 0.433 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $949,000 and was built in 1992. This address can also be written as 833 Spencer Ave, Modesto, CA 95351.
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This listing information is up-to-date as of May 09, 2025. For the most current information, please contact Sam Roham, (408) 757-9999
