808 Sutter Ave Apartments
Multifamily | 4 Units | Sutter Ave Apartments
Marketing description
808 Sutter Ave Apartments, located in Modesto, CA, is a 4-unit multifamily property positioned in the established Sutter Glen neighborhood near downtown Modesto. The property 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 asset provides approximately 3,625 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 stable rental demand supported by the Central Valley housing market.
808 Sutter Ave Apartments presents investors with an opportunity to acquire a well-located small multifamily asset on 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.
- Attractive Price Per Unit: Offered at approximately $187,500 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 3,625 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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