120 Almond Avenue, Modesto, CA 95354

Property Description

INVESTORS & OWNER-OCCUPIED BUYERS 11.36 GRM AND SPECIAL BELOW-MARKET FINANCING AVAILABLE! Excellent opportunity to own a duplex near Downtown Modesto with a gross potential annual rental income of $46,200 at an asking price of just $525,000! This property features a 3-bedroom, 2-bath unit currently rented for $2,000 per month and a 2-bedroom, 1-bath unit previously rented for $1,850 per month that will be delivered vacant at closing. Live in one unit while collecting rental income from the other, or add this income-producing property to your investment portfolio. Special below-market financing opportunities are available for both qualified owner-occupied and investor buyers! Both units were updated approximately 12-18 months ago. The 2-bedroom unit features a new HVAC system and recently replaced carpeting, while the 3-bedroom unit has a new water heater. Offering approximately 2,085 square feet of living space on a 7,401-square-foot lot, with separate garages and laundry in each unit. The rear unit's garage may offer potential for an ADU conversion, subject to local approvals and buyer verification. Conveniently located near Downtown Modesto, shopping, restaurants, parks, and major transportation routes. With an attractive 11.36 GRM, a vacant unit for immediate occupancy or leasing, and special financing opportunities, this duplex is worth a closer look!