2613 Chester DrModesto, CA 95350

Property Details for 2613 Chester Dr

Year built

1965

Property size (Sq ft)

7,176 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously maintained eight-unit apartment building situated in Modesto, California. Comprising two four-plex structures, each boasting two stories, this property offers a total of 7,176 square feet on a 14,000 square foot lot. Built in 1965, the property is zoned R3 and features eight units, each a two-bedroom, one-bathroom apartment. All units are currently 100% occupied, generating a substantial net operating income (NOI) of $88,363, resulting in a compelling 5.90% capitalization rate. The asking price is $1,498,000, translating to $187,250 per unit and $208.75 per square foot. Conveniently located at 2613 Chester Drive, Modesto, CA 95350 (APN: 060-013-041-000 and 060-013-042-000), this property enjoys proximity to major roadways like Highway 99 and McHenry Avenue, as well as popular shopping destinations including Vintage Faire Mall, Costco, Target, and Walmart. The property's location also offers easy access to local amenities such as hospitals, restaurants, and schools. Each unit features a spacious living room, a separate dining area, and an open kitchen layout. This property is ideally suited for a 1031 exchange.

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6796

Longitude

-121.031

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].