833 Spencer Avenue, MODESTO, CA 95351

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
#1#2#3
833 Spencer Avenue,MODESTO, CA 95351
$899,000
  • - Beds
  • - Baths
  • 3,574 sq. ft.
  • Multi-family
  • Active
Listed by:sam roham408-757-9999
Office:alliant real estate and financial services inc.
MLS#:82005654
Source:CAREIL

Price summary

  • Price:$899,000
  • Price per sq. ft.:$251.54

About this home

cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate. Motivated seller, bring in all offers.

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Home facts

  • Year built:1992
  • Listing Id #:82005654
  • Added:60 day(s) ago
  • Updated:June 21, 2025 at 04:23 PM

Rooms and interior

  • Living area:3,574 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Forced Air, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1992
  • Building area:3,574 sq. ft.
  • Lot area:0.43 Acres

Utilities

  • Water:Individual Water Meter
  • Sewer:Septic Connected

Finances and disclosures

  • Price:$899,000
  • Price per sq. ft.:$251.54
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