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$699,000   Price Analysis
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721 Erickson Ave
Modesto, CA 95351
5 bed 3 bath 1,760 SqFt ($397/SqFt)
9,239SqFt lot. Built 1957
Listed 2024-04-04, Taxes $4,772
Ⓧ USDA Ineligible
due to location

near Modesto

GREAT INVESTMENT OPPORTUNITY and CASH FLOW Five- 1 bed

1 bath units $4370./mo rent solid tenants, 4 yrs no move-outs plenty of parking, each unit has a kitchen, living, bedroom, laundry area and private backyard patio.

newer fencing, roof and sptic


Presented by Gregg Helm at
Homesmart Pv & Associates.


Property MLS #224033302 from MetroList

Bedrooms: 5

Total Rooms: 5

Laundry Features: Varies by Unit

Cooling Features: Window Unit(s)
Heating Features: Wall Furnace

Full Bathrooms: 3

Flooring: Tile
Window Features: Dual Pane Partial

Patio And Porch Features: Uncovered Patio

Lot Dimensions Source: Acres
Lot Size Acres: 0.2121
Topography: Level
Lot Size Square Feet: 9239

Parking Features: Off Street, Guest Parking Available
Parking Total: 8

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of 1 Bedroom Units: 5
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 440
Unit-2 Square Feet: 440
Unit-3 Square Feet: 440
Unit-4 Square Feet: 440
Unit 1 Total Actual Rent: 890
Unit 2 Total Actual Rent: 890
Unit 3 Total Actual Rent: 850
Unit 4 Total Actual Rent: 850

Elementary School District: Modesto City
High School District: Modesto City
Middle or Junior School District: Modesto City

Tuolumne Elementary School is a public elementary school located approximately 0.5 miles away.
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Evelyn Hanshaw Middle School is a public middle school located approximately 1.6 miles away.
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Peter Johansen High School is a public high school located approximately 4 miles away.
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Modesto Gospel Mission Adult Education Institute is a private high school located approximately 1.2 miles away.
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Gross Income: 4370
Income Includes: Rent Only
Lease Term: Month To Month
Number of Units Leased: 5
Tenant Pays: Cable TV, Electricity, Gas

Source Listing Status: Active
County: Stanislaus
Cross Street: Bystrom Rd
Directions: South 9th St East on Hosmer Ave Right on Bystrom Left on Erickson Ave
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: Ceres East of Hwy 99
Source Neighborhood: 20107
Parcel Number: 038-011-022-000
Postal Code Plus 4: 4177
Zoning: residentialresidential
Property Subtype: Apartments
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$359,808 + $44,838
$404,646
$4,772
2021$352,753 + $43,959
$396,712
$4,498
2020$349,136 + $43,509
$392,645
$4,583
2019$342,291 + $42,656
$384,947
$4,481
2018$335,580 + $41,820
$377,400
$4,274
2017$168,997 + $26,404
$195,401
$2,281
2016$165,684 + $25,887
$191,571
$2,240
2015$163,196 + $25,499
$188,695
$2,209
2014$160,000 + $25,000
$185,000
$2,177
2013$90,000 + $30,000
$120,000
$1,464
2012$50,000 + $25,000
$75,000
$979
2010$50,000 + $25,000
$75,000
$830
2009$48,000 + $40,000
$88,000
$1,089
2008$128,483 + $43,590
$172,073
$1,961
2007$125,964 + $42,736
$168,700
$1,953

Price Changed 2024-06-07
$699,000
MetroList
Price Changed 2024-04-17
$749,000
MetroList
Listed 2024-04-04
$775,000
MetroList
Sold 2017-04-06
$370,000
MetroList
Price Changed 2017-02-16
$399,000
MetroList
Listed 2017-02-03
$495,000
MetroList
Sold 2013-08-23
$185,000
MetroList
Price Changed 2012-11-21
$185,000
MetroList
Listed 2012-08-20
$190,000
MetroList
Listing removed 2011-08-08
$225,000
MetroList
Listed 2011-02-11
$225,000
MetroList
Listing removed 2010-04-17
$239,950
MetroList
Price Changed 2010-03-17
$239,950
MetroList
Price Changed 2009-10-18
$249,950
MetroList
Listed 2009-04-17
$269,950
MetroList
Sold 1998-07-01
$45,000
Public Record

Operating Expense Includes: Property Tax, Insurance, Trash, Water/Sewer

Electric: 220 Volts
Sewer: Septic System, Shared Septic
Natural Gas Connected
Electric
Water Source: Water District, Meter on Site

Year Built: 1957
Construction Materials: Frame
Foundation Details: Slab
Levels: One
Property Age: 67
Property Condition: Updated/Remodeled, Varies by Unit
Roof: Roof Description:Composition
Structure Type: 5 or More Units
House Style: Traditional

Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Smoke Detector
Click Thumbnail Images To View Full Size
house_viewhouse_viewunknownbedroomliving_room
bathroomlaundry_roomlaundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.