1525 Morgan Road

Modesto, CA 95358

$1,150,000
Price
3
Beds
4
Baths
612 Sq. Ft.
$1,879 / Sq. Ft.
612
Sq. Ft.
$1,879
per Sq. Ft.

Description

What a great opportunity to invest in a property that has 5 studios, 2 apartment units, and a tire shop! One unit is a two bedroom one bathroom and the second unit is a one-bed one-bathroom. The adjacent parcel has a tire shop and is included in the sale, currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $800/month. The one-bedroom, one-bath is rented for $1,050/month, and the two-bedroom, one-bathroom unit has a monthly rent of $950. Current Gross Annual Income...What a great opportunity to invest in a property that has 5 studios, 2 apartment units, and a tire shop! One unit is a two bedroom one bathroom and the second unit is a one-bed one-bathroom. The adjacent parcel has a tire shop and is included in the sale, currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $800/month. The one-bedroom, one-bath is rented for $1,050/month, and the two-bedroom, one-bathroom unit has a monthly rent of $950. Current Gross Annual Income is $102,000. All Units have a separate electricity meter. Tenants pay for electricity, and the landlord pays for water, gas, and trash. Don't miss out!
  1. Listed by Albert Mejia • DRE #01960392 • EXIT Realty Consultants
    P: (209)-531-3243 TheMejiaBrothers2@gmail.com

Property Details for 1525 Morgan Road

Parking Features
Uncovered, Guest Parking Avail
Zoning
Multi Family Dwelling
LISTING UPDATED: 12/16/2024 02:57 PM

Property Details for 1525 Morgan Road

StatusActive
MLS #224133361
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1960
Lot Size0.14 AC / 6,250 SF
CountyStanislaus County

Building Information for 1525 Morgan Road

Stories2Residences7Year Built1960Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 1525 Morgan Road

Summary
Location and General Information
  • Area/District: 20106
  • Area Short Display: 20106
  • Cross Street: Hatch Rd
  • City: Modesto
  • County: Stanislaus
  • State: CA
  • Zip Code: 95358
  • Directions to Property: From Freeway 99, head West on Hatch Rd. Turn Left on Morgan Rd. At the Stop, turn Right on Morgan Rd. Units are on your Right side.
Taxes and HOA Information
  • APN: 086-001-033-000
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Stanislaus
  • Elementary School District: Ceres Unified
  • Middle or Junior School District: Ceres Unified
  • Senior High School District: Ceres Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 9
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Auto-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.1435
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 6251.0
  • Lot Features: None
Property and Assessments
  • Home Warranty: false
  • Irrigation: None
  • Year Built: 1960
  • Picture Count: 2
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: All Units
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Census Tract: 25.06
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: City, Electric
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 3
  • Construction Materials: Stucco, Frame
  • Foundation: Slab
  • Horse Property: false
  • Pool: false
  • Senior Community: false
Interior Features
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Wall Unit(s)
  • Flooring: Tile
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 1
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 1
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 5
  • Num of Units: 7
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $1,050.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $950.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent: $800.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
  • Unit 3 Type: Studio
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent: $800.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
  • Unit 4 Type: Studio
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only, See Remarks
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity

Property History for 1525 Morgan Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1525 Morgan Road

Taxable ValueLand$66,300Additions$57,630Total$123,930
Tax Record2024$1,432 ($119 / month)
Home Facts
Total Finished SqFt612 SqFtAbove Grade Finished SqFt612 SqFtLot Size6,098 SqFtStyleMiscellaneous CommercialYear Built1960CountySTANISLAUSAPN086-001-033-000

Schools near 1525 Morgan Road

This home is within Ceres Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Westport Elementary School
PublicK to 6

Blaker-Kinser Junior High School
Public7 to 8

Central Valley High School
Public9 to 12

Patricia Kay Beaver Elementary
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1525 Morgan Road is a multi-family home for sale in Modesto, CA 95358. This property was listed for sale on December 16, 2024 by EXIT Realty Consultants, it's currently listed at $1,150,000. It has been on the market for a total of 1 days and was last sold on October 18, 2022. This listing's school district is Ceres Unified School District. Nearby schools include Westport Elementary School, Blaker-Kinser Junior High School and Central Valley High School. 1525 Morgan Road is a 3-bed, 4-bath, 612 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Realty Consultants, Albert Mejia, DRE #01960392

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.