1017 Herndon Road, Modesto, CA 95351

About this property

Pro forma cap rate of 8.86%. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$650,000

Sold June 2023 · listed $699,900, orig. $779,900, on market January 2023 · MLS #FR23009112 · Source: CRMLS

Listing Agent: Ricardo Gil · Listing Office: Gil's Real Estate · Contact: 209-910-4457 · Bought with: Ricardo Gil · Gil's Real Estate

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