Modesto, CA 95350,2216 Palisade AVE
Modesto, CA 95350,2216 Palisade AVE
Modesto, CA 95350,2216 Palisade AVE
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$749,000
Est. payment /mo
3,250 SqFt

UPDATED:

01/23/2025 11:45 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,250 sqft

Price per Sqft $230

Subdivision Whispering Woods

MLS Listing ID 224153354

HOA Fees $634/mo

HOA Y/N Yes

Originating Board MLS Metrolist

Year Built 1970

Lot Size 10,454 Sqft

Acres 0.24

Property Description

Fantastic 4plex/ (Actually 4 Condo's with 4 Separate APN's) . This could be a very easy Value add since the 4 Individual condo's should be worth considerably more than the fourplex. These units boast a great current gross rental income of $69,060 with a current GRM of 10.84! There is still plenty of upside potential using the Rentometer 50% rent in the area the rent should be closer to $76,992 (Report Attached). At marker rents the GRM would be 9.72. All these units were updated about 4 years ago. Our pictures are for 3 of the 4 units. We will be getting pictures soon of unit #1 soon. Units 2 & # are in fair/Average Condition with normal wear and tear. Unit # 4 is in good condition with minor cosmetic defects. These units are located in the professionally managed HOA (Whispering Woods). All units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, Onsite Laundry, & courtesy patrol. All Units have access to the community pool. HOA covers landscaping, security, pool, common areas, and wall-out insurance. All must be purchased as a package with a concurrent close. Due to these being 4 individual single family parcels this portfolio may not be subject to Rent Control. Buyer to verify themselves.

Location

State CA

County Stanislaus

Area 20101

Direction South on Prescott. Right on Chrysler. Left on Powell. Left on Palisade. Home is on the corner on the Right.

Interior

Heating Central

Cooling Central

Flooring Varies by Unit

Appliance Disposal, Free Standing Electric Range

Laundry In Common Area

Exterior

Parking Features Garage, See Remarks

Garage Spaces 4.0

Utilities Available Natural Gas Connected, Electric

Amenities Available Pool

Water Access Desc Public

View City

Roof Type Composition

Topography Level

Porch Varies by Unit

Total Parking Spaces 8

Building

Lot Description Shape Irregular, Curbs/Gutters, Landscape Back, Landscape Front

Foundation Slab

Sewer Sewer Connected

Water Public

Architectural Style Contemporary

Schools

Elementary Schools Modesto City

Middle Schools Modesto City

High Schools Modesto City

School District Stanislaus

Others

HOA Fee Include MaintenanceExterior, MaintenanceGrounds

Senior Community No

Tax ID 005-085-057-000

Special Listing Condition Other


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MetroList® Services, Inc (RESO)
Listed by LPT Realty, Inc

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agent

Better Brokers Realty Group

+1(916) 350-0595

Broker | License ID: 00889406

Broker License ID: 00889406

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