800 Sutter Ave Apartments
Multifamily | 4 Units | Sutter Ave Apartments
Marketing description
800 Sutter Ave Apartments, located in Modesto, CA, is a 4-unit multifamily property positioned within an HOA-managed community in the established Sutter Glen neighborhood near downtown Modesto. The property benefits from HOA-maintained landscaping and common area upkeep, supporting long-term neighborhood appearance, curb appeal, and property maintenance.
The asset consists of a two-story residential building offering a mix of two- and three-bedroom units designed to meet the needs of the area's workforce housing demand.
Built in 1967, the property provides approximately 3,745 square feet of improvements situated on a 7,000 square foot lot, offering functional layouts and on-site residential parking.
Residents benefit from the property's convenient location near schools, shopping centers, employment hubs, and major transportation corridors, supporting long-term tenant demand and occupancy stability.
The property is conveniently located near downtown Modesto and is in close proximity to parks, retail services, and major commuter routes. The surrounding area continues to experience multifamily transaction activity and rental demand supported by the Central Valley housing market.
800 Sutter Ave Apartments presents investors with an opportunity to acquire a well-located small multifamily asset at an attractive basis relative to surrounding comparable sales, with additional upside through continued rental growth and operational improvements.
Investment highlights
- Strong Infill Modesto Location: Well-positioned multifamily asset located in the established Sutter Glen neighborhood near downtown Modesto, schools, shopping, and major commuter routes.
- HOA Maintained Community: Property benefits from HOA-managed landscaping and common area maintenance that support neighborhood appearance and long-term property upkeep.
- Attractive Price Per Unit: Offered at approximately $189,700 per unit, providing competitive pricing relative to recent multifamily sales in the surrounding area.
- Solid Rental Housing Demand: The property benefits from continued demand for affordable workforce housing in Modesto supported by strong household density and steady population growth.
- Functional Multifamily Layout: Four-unit configuration with approximately 3,745 square feet situated on a 7,000 square foot lot provides efficient operational management and leasing flexibility.
- Established Rental Market: The surrounding neighborhood has demonstrated consistent multifamily sales activity, with nearby comparable properties transacting between approximately $400,000 and $749,000 over the past two years.
- Value-Add Potential: Opportunity to improve operational performance through rental adjustments, interior upgrades, and continued property improvements over time.
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