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833 Spencer Avenue, 
Modesto, CA 95351

$949,000


Bed


Bath


3,574

Sq Ft


Multi-Family

Active

Listed by

Sam Roham

Alliant Real Estate And Financial Services Inc.

408-558-9800

Last updated:

May 7, 2025, 10:08 AM

MLS#

ML82005654

Source:

CRMLS

About This Home

833 Spencer Avenue

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.

Home Facts

Multi-Family

Built in 1992

Price Summary

949,000

$265 per Sq. Ft.

MLS #:

ML82005654

Last Updated:

May 7, 2025, 10:08 AM

Added:

1 day(s) ago


Rooms & Interior

Interior

Living Area:

3,574 Sq. Ft.


Structure

Structure

Building Area:

3,574 Sq. Ft.

Year Built:

1992


Lot

Lot Size (Sq. Ft):

18,887


Finances & Disclosures

Finances

Price:

$949,000

Price per Sq. Ft:

$265 per Sq. Ft.

Source:CRMLS
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