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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,085 sqft
Price per Sqft $244
MLS Listing ID 225062126
Sold Date 07/01/25
HOA Y/N No
Year Built 1978
Lot Size 6,133 Sqft
Acres 0.1408
Property Sub-Type Duplex
Source MLS Metrolist
Property Description
Duplex Opportunity in Lakewood Park - Modesto, CA Located in the desirable Lakewood Park subdivision of Modesto, this income-generating duplex presents a solid investment opportunity. The property features two spacious units: Unit 3004: 3 bedrooms, 2 bathrooms Unit 3006: 2 bedrooms, 2 bathrooms Each unit includes its own two-car garage, washer/dryer hookups, and fenced backyard. Recent upgrades include new A/C units installed in 2015 and 2021, a roof replacement in 2007, and a newly installed fence for Unit 3004 in 2024. While the property does have some deferred maintenance, it offers excellent long-term tenant stability: Unit 3004 has a tenant in place for 10 years, currently paying $1,300/month. Unit 3006 is a long-term tenant of 30 years under Section 8 housing, with current rent at $1,500/month. This is a great opportunity for investors looking to acquire a well-located duplex with dependable rental income and potential for future value enhancement.
Location
State CA
County Stanislaus
Area 20104
Direction From Briggsmore, head south on Lakewood, head east on Mulholland and duplex will be on south side.
Interior
Heating Central
Cooling Central
Flooring Carpet, Tile, Laminate, Linoleum
Laundry Washer/Dryer Hookups
Exterior
Parking Features Garage
Garage Spaces 2.0
Utilities Available City, Electric
Water Access Desc Meter on Site
Total Parking Spaces 4
Building
Lot Description Shape Regular
Story 1
Foundation Slab
Sewer In & Connected
Water Meter on Site
Schools
Elementary Schools Modesto City
Middle Schools Modesto City
High Schools Modesto City
School District Stanislaus
Others
Senior Community No
Tax ID 068-001-053-000
Special Listing Condition None
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Bought with HomeSmart PV & Associates