For Sale
$4,250,000
1340 Leonard AveModesto, CA 95359
33-unit apartment building, high occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $4,250,000 asking price for a 33-unit apartment building.
- 18,240 square feet on a 1.08-acre lot in Modesto, CA.
- 6.35% cap rate, with a pro-forma cap rate of 8.08%.
- 98% occupancy, generating a current NOI of $269,757 and a pro-forma NOI of $343,457.
- Located at 1340 & 1460 Leonard Ave, Modesto, CA 95359 (APN: 115-001-033 & 006).
- Built in 1965, renovated in 1967.
Property Details for 1340 Leonard Ave
- Property type
- Retail properties, Apartment buildings
- Square Feet
- 18,240 SF
- Year Built/Renovated
- 1965/1967
- Lot Size (sq. ft)
- 47,045 SF
- Units
- 33
Location Insight
- City
- Modesto
- County
- Stanislaus
- State
- California
Nearby Similar for Sale
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