721 Erickson Ave Modesto, CA 95351

Property Details for 721 Erickson Ave

Year built

1957

Lot size

0.21 lot acres

Property size

2,200 SF

Property type

Commercial real estate

Description

This exceptional investment property located at 721 Erickson Avenue, Modesto, CA, presents a compelling opportunity for savvy investors. The property encompasses five individual units, each boasting a one-bedroom, one-bathroom layout. Each unit is complete with a kitchen, living area, bedroom, laundry area, and a private backyard patio, offering tenants comfortable and private living spaces. The combined monthly rental income currently stands at $4,490, generating a substantial annual net operating income. The property sits on a 0.21-acre lot and offers ample parking for residents and guests. Recent upgrades include a newer roof, fencing, and septic system, minimizing immediate maintenance concerns and ensuring long-term value. The total square footage of the property is 2,200 square feet, providing a solid foundation for a strong return on investment. The property's current occupancy and stable rental income stream make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The solid tenant base ensures consistent cash flow, minimizing vacancy risks. This turnkey investment is ready for immediate ownership and offers a rare opportunity to acquire a well-maintained multifamily property in a desirable Modesto location. The combination of attractive rental income, recent upgrades, and ample parking makes this a truly exceptional investment opportunity.

Location Insight

City

Modesto

County

Stanislaus

State

California

Longitude

-120.9836

Latitude

37.62286