116 Covena Ave 10 Unit Apartment Building $1,950,000 ($195,000/Unit) Modesto, CA 95354
EXECUTIVE SUMMARY
Modern high income producing apartment building for sale. 10 units, 8 units 1bed/1bath, 2 units are 2bed/2bath. Rent for short term or long term. All units have been updated and 9 units are furnished for short term rentals. Building is gated with community washer/dryers. Located close to shopping and freeway access.
PROPERTY FACTS
| Price | $1,950,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 9,173 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.09/1,000 SF |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 800 |
| 2+1 | 2 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 108-16-40 | Improvements Assessment | $539,010 |
| Land Assessment | $176,829 | Total Assessment | $715,839 |
