About 101-107 I St
101 I St, 107 I St, and 510 S Washington St present a unique opportunity to acquire a three-parcel multifamily portfolio totaling eight units in the established downtown Modesto neighborhood. The property consists of four separate residential buildings situated on individual parcels, offering investors the flexibility of separate financing, resale, or long-term hold strategies. The portfolio features a mix of six one-bedroom/one-bath units and two two-bedroom/one-bath units, appealing to a broad tenant base seeking affordable housing in close proximity to employment, retail, and transit options in downtown Modesto. Each building sits on its own legal parcel, with one parcel featuring a detached ADU, allowing for future disposition flexibility and potential value-add opportunities through operational improvements and market rent growth.
Features of 101-107 I St
| MLS® # | ML82048970 |
|---|---|
| Price | $1,325,000 |
| Square Footage | 4,298 |
| Acres | 0.19 |
| Year Built | 1920 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 101-107 I St |
|---|---|
| Area | Modesto So of Hwy 132 West of Hwy 99 |
| City | MODESTO |
| County | Stanislaus |
| State | CA |
| Zip Code | 95351 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Garages | Off-Site Parking, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Forced Air - Gas |
|---|---|
| Cooling | Ceiling Fan |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | R3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Theodore Wong |
|---|---|
| Office | Compass |
| Contact Info | 650-228-9930 |