Property Details
About this Property
Fantastic 4plex/ (Actually 4 Condo's with 4 Separate APN's) . This could be a very easy Value add since the 4 Individual condo's should be worth considerably more than the fourplex. These units boast a great current gross rental income of $69,060 with a current GRM of 10.84! There is still plenty of upside potential using the Rentometer 50% rent in the area the rent should be closer to $76,992 (Report Attached). At marker rents the GRM would be 9.72. All these units were updated about 4 years ago. Our pictures are for 3 of the 4 units. We will be getting pictures soon of unit #1 soon. Units 2 & # are in fair/Average Condition with normal wear and tear. Unit # 4 is in good condition with minor cosmetic defects. These units are located in the professionally managed HOA (Whispering Woods). All units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, Onsite Laundry, & courtesy patrol. All Units have access to the community pool. HOA covers landscaping, security, pool, common areas, and wall-out insurance. All must be purchased as a package with a concurrent close. Due to these being 4 individual single family parcels this portfolio may not be subject to Rent Control. Buyer to verify themselves.
MLS Listing Information
MLS #
ME224153354
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Garbage Disposal, Oven Range - Electric
Flooring
Varies by Unit
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab, Concrete Perimeter and Slab
Pool
Community Facility, Pool - Yes
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 4 Car(s)
Water
Public
HOA Fee
$634
HOA Fee Frequency
Monthly
Complex Amenities
Community Pool
Zoning
Mod-p-d
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 0 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 810 | 2 | 1/0 | $1,350 |
| 2 | 840 | 2 | 1/0 | $1,585 |
| 3 | 840 | 2 | 1/0 | $1,415 |
| 4 | 924 | 2 | 1/0 | $1,405 |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2216 Palisade Ave is a Residential Income in Modesto, CA 95350. This 3,250 square foot property sits on a 10,454 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $749,000 and was built in –. This address can also be written as 2216 Palisade Ave, Modesto, CA 95350.
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This listing information is up-to-date as of February 27, 2025. For the most current information, please contact Ron Benning, (916) 730-3846
