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  • For sale
MULTI-FAMILY BUILDING FOR SALE - #1

For Sale

$1,995,000 USD

Colliers' Central Valley Investment Team is proud to
present the 18th Street Apartments, located at 720 18th St, Modesto, Califonia. This property is comprised of three separate buildings on nearly half an acre in Downtown Modesto. Residents are within walking distance to Smart & Final, Starbucks, and other retailers.

The 18th Street Apartments are comprised of (12) one-bedroom
apartments and (4) studio apartments for a total of 16 units. Each unit is separately metered and has its own water heater, window AC unit, and baseboard heater. Investors will see an opportunity to bring rents to market and capitalize on the 20-25% loss to lease.

Sale Note
Gated community located in Downtown Modesto, situated on ½ acre of land.

Walking distance to daily needs shopping and the popular Modesto Downtown District.

Primarily 1x1s, Modesto’s most sought after unit type.

20-25% under market leases allows for a new owner to recapture over $27,000 in annual loss to lease.