2112 Chrysler Dr. Modesto 95350 2112 Chrysler Dr 4 Unit Apartment Building $769,900 ($192,475/Unit) 5.59% Cap Rate Modesto, CA 95350

INVESTMENT HIGHLIGHTS

  • Hassle-free investment with onsite management and maintenance handling daily operations.
  • Fully rented fourplex with strong cash flow and the potential to increase revenue by adjusting rents to match market rates.
  • Clean and updated units that are fully leased. All are 2 bedroom 1 bath with a shared 2 car garage.
  • Prime location near top amenities, including Highway 99, Vintage Fair Mall, and major hospitals.

EXECUTIVE SUMMARY

This impressive four-plex is located in Modesto's desirable Whispering Woods neighborhood. The property consists of four separate units, each offering two bedrooms and one full bathroom. Unit 1 is a single-story layout with 780 square feet. Unit 2 is a two-story design with 820 square feet and features recent updates, including new carpet, paint, flooring, and cabinet paint. Unit 3 is a two-story layout with 820 square feet. Unit 4 offers an upstairs loft-style design with 800 square feet of living space. Many units have been updated with newer flooring, paint, and cabinetry. The property offers a four-car attached garage, with each tenant having a designated parking space. Newer dual-pane windows enhance energy efficiency. The HOA maintains the on-site laundry facility, grounds, common BBQ area, security patrol, and pool. All units are currently leased, making this an excellent investment opportunity. The property is located minutes from freeway access and major shopping. With on-site property management and maintenance personnel, this is a stress-free investment, providing daily operations and upkeep for investors seeking a hands-off approach. Each unit has it's own APN and can be sold Separately!

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $769,900
Price Per Unit $192,475
Sale Type Investment
Cap Rate 5.59%
Gross Rent Multiplier 10.66
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Lot Size 0.01 AC
Building Size 3,514 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1970/2024

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Storage Space
  • Heating
  • Kitchen
  • Oven
  • Carpet
  • Double Pane Windows
  • Family Room
  • Vinyl Flooring

SITE AMENITIES

  • Pool
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 $1,527 810 - 924

ZONING

Zoning Code R3
  • Listing ID: 35267342

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: 2112 Chrysler Dr, Modesto, CA 95350