716-720 18th St

06-27-2022
08-02-2022

716 18th St, Modesto, CA 95354

Property Description

Colliers' Central Valley Investment Team is proud to present the 18th Street Apartments, located at 720 18th St, Modesto, California. This property is comprised of three separate buildings on nearly half an acre in Downtown Modesto. Residents are within walking distance to Smart & Final, Starbucks, and other retailers.
The 18th Street Apartments are comprised of (12) one-bedroom apartments and (4) studio apartments for a total of 16 units. Each unit is separately metered and has its own water heater, window AC unit, and baseboard heater. Investors will see an opportunity to bring rents to market and capitalize on the 20-25% loss to lease.

 

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 1,995,000
No. of Units
16
Cap Rate
6.08%
GRM / GIM
10.36
Building Size
6,680 Sq ft
Lot Size
28908 sq ft
No. of Stories
1
APN
106-001-011
Opportunity Zone
No
Price per unit
$ 124,688
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37.644106, -120.989581

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