Home For Sale In Modesto, California

house for sale

Listed: 05/31/24

416 6th St, Modesto, California, 95354

14 Bed:

1 Bath:

462 Sq Ft Living Area:

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Price

$ 1,85M

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About This House

Introducing Sixth Street Apartments, a 14-unit property located at 416 6th St in downtown Modesto. This well-maintained complex consists entirely of one-bedroom units, making it ideal for commuting tenants due to its close proximity to freeway access. Most units have undergone upgrades in the last five years, enhancing rental potential. The units are separately metered for electricity and gas, and tenants pay a utility charge each month for water, sewer, and garbage. The property features two buildings with roofs that are approximately five years old. Currently, rents are 15-20% below market, providing new ownership with a lucrative opportunity to increase rental income. With its prime downtown location, Sixth Street Apartments represents an excellent investment for those looking to capitalize on Modesto's thriving rental market.

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Houses for sale in Modesto

Original listing

Modesto Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

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Month	Median Price
Jun 2024	$392,847 (+8.6%)
May 2024	$361,606 (-9.3%)
Apr 2024	$398,536 (0%)
Mar 2024	$398,536 (0%)
Feb 2024	$398,536 (0%)
Jan 2024	$398,536 (0%)

In June 2024, the asking price for 2 bed houses for sale in/near Modesto, United States averaged $392,847, an increase of 8.6% from the previous month.

Median price trends for properties for sale in Modesto, United States as of June 2024.

Household Income

Median household income: $54,024

Number of households: 71,371

The average household income in Modesto, CA grew from $50,996 to $54,024 in the past year. This data is an estimate based upon 71,371 households in Modesto, CA.
The chart below presents how household income is distributed in Modesto, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Modesto, CA compared to median property taxes around the country. The prevalent amount of property taxes in Modesto, CA equals $800-$1,500 , which is more than the national average.