Welcome to M&T Mobile Home Park, a rare investment opportunity in the city of Modesto, California. This property offers immense rental upside. Four of the six spaces are occupied by park-owned. Two units are vacant and prepared for market rate occupancy. An additional space is vacant and ready for a trailer to be added to the property. There's a clear path for a new owner to generate a pro forma 8%+ cap rate.
Closed
$350,000
120 School Ave, Modesto, CA 95351
8beds
--sqft
Other
Built in 1976
-- sqft lot
$502,800 Zestimate®
$--/sqft
$1,876 Estimated rent
Home value
$502,800
$453,000 - $563,000
$1,876/mo
Zestimate® history
Owner options
List your home for rent
$1,876/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,876/mo
Rent Zestimate®
Refinance and save
$2,297/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,297/mo
Est. payment
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Mobile home park
Zillow last checked:
Listing updated:
Listed by:
Jacob Friedrich DRE #02017662 209-481-5438,
Cosol Commercial Real Estate
Bought with:
Jaime Bedoy, DRE #01452493
HomeSmart PV & Associates
Source: MetroList Services of CA,MLS#: 223083853Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Wall Furnace
Cooling
- Wall Unit(s)
Appliances
- Laundry: Washer/Dryer Hookups
Features
- Flooring: Carpet, Laminate, Linoleum, Varies
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: Varies by Unit
Lot
- Size: 0.29 Acres
- Features: Sidewalk
Details
- Zoning: R1
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Materials
- Metal Siding, Modular
- Foundation: None
Condition
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: City
Community & HOA
Location
- Region: Modesto
Financial & listing details
- Price range: $350K - $350K
- Date on market: 1/2/2024
- Income includes: Rent Only
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2024 | Sold | $350,000-15.7% |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 1/11/2024 | Pending sale | $415,000 |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 11/17/2023 | Price change | $415,000-12.6% |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 10/26/2023 | Pending sale | $475,000 |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 10/20/2023 | Listed for sale | $475,000 |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 9/11/2023 | Pending sale | $475,000 |
Source: MetroList Services of CA #223083853 Report a problem | ||
| 8/30/2023 | Listed for sale | $475,000 |
Source: MetroList Services of CA #223083853 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95351
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Nearby schools
GreatSchools rating
- 4/10Shackelford Elementary SchoolGrades: K-6Distance: 0.1 mi
- 3/10Evelyn Hanshaw Middle SchoolGrades: 7-8Distance: 0.8 mi
- 4/10Thomas Downey High SchoolGrades: 9-12Distance: 3.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$502,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$502,800
- California
- Stanislaus County
- Modesto
- 95351
- 120 School Ave
