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1415 Eucalyptus Avenue Newman, CA $ 795,000
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$ 795,000 Get more info
1415 Eucalyptus Avenue
$ 795,000
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1415 Eucalyptus Avenue

Newman, CA, 95360
$ 795,000
Baths0.0

Monthly Estimate*

$ 5,284

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Studio

Multi-Family Home for sale in Newman, CA

for $795,000. This home was built in 2003 on a lot size of 1.06.

Opportunity Knocks on this one of a kind 4 Plex. It is hard to find Fourplexes build after 2000 with particularly with 4 3 bedroom units! Each units also has its own laundry hookups This property is located on 1.06 Acres, Zoned R-3 with the possibility to build up to an additional 26 Units (according to the former owner). The sewer line has already been installed to the rear of the property, water is installed to the halfway mark and the balance of the utilities are stubbed to the lot and ready to extend (according to the former owner. Buyer should independently verify all land use and utility information. Additionally, despite the very respectable current GRM of 11.96. There is still a huge upside potential in rents over time according to Rentometer Pro. See the Rentometer Analysis attachments. Possible sub 10 GRM when rents are fully optimized over time.

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Multi-Family Pending

Price

$ 795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

1.06

Year Built

2003

Town/City

Newman

County/Region

Stanislaus

MLS | Web ID

224046996
Features
General
Sewer In & Connected
Heating Central
Cooling Central
Utilities Electric
Roof Tile
Appliances Dishwasher Disposal Free Standing Electric Range
Exterior Features Yard Space
Unit 4 Rent 1375
Unit 2 Rent 1395
Unit 3 Rent 1375
Unit 1 Rent 1395
HOA 0
Garage Spaces 0.0
Patio/Porch Features Other
Architectural Style Contemporary
Construction Materials Stucco Frame
Year Built 2003
Electric 220 Volts
Tenant Pays See Remarks
View City
Stories 2
Topography Level
Levels Two
Property SubType Quadruplex
Elevation 0
Accessibility None
County Stanislaus
Property Type ResidentialIncome
HOA / Comm Assn N
Total Rooms 0
Close Price 0.0
Status Pending Bring Backup
Directions From HWY 33 Turn onto Hills Ferry Road and then left onto Eucalyptus Road
City Newman
Buyer Agent Compensation 2.5
High School District Newman-Crows Landing
Zoning Description R3
Open Parking Spaces 0.0
Total Units 24
MLS Area 20310
Lot Size Square Feet 46174.0
Carport Spaces 4.0
Street Name Eucalyptus
Property Condition Varies by Unit
Ok to Lease Less Than 12 Months
Standard Status Pending
Middle/Junior School District Newman-Crows Landing
Elementary School District Newman-Crows Landing
Year Built Source Assessor Auto-Fill
Buyer Agent Compensation Type Percent
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Interior
Basement None
Flooring Carpet Tile
Total Stories 2
Furnished Units None
Unit 1 Full Baths 2
Unit 2 Full Baths 2
Unit 3 Full Baths 2
Window Features Dual Pane Full Window Screens
Street Suffix Avenue
Laundry Features In Each Unit
Unit 1 Bedroom Units Total 0
Unit 2 Bedroom Units Total 0
Unit 3 Bedroom Units Total 4
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Exterior
Parking Features Carport Covered
Lot Features Landscape Front
Water Source Public
Total Parking 4.0
Foundation Details Slab
Number of Buildings 1
Lot Size Acres 1.06
Lot Size Source Assessor Auto-Fill
Covered Spaces 4.0
Other Equipment Varies by Unit
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Internal Only
Street Number 1 1415
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* Excluded Features
List By
Exp Realty Of California Inc

Broker

ronjbenning@gmail.com

Email

Affordability Calculator

$5,284
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,284
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3193736 Elementary School
3193845 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/4/2024 $795,000 Listed Price

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1415 Eucalyptus Avenue, Newman, CA, 95360 is a Multi-Family Home for sale at $795,000 with a lot size of 1.06. 1415 Eucalyptus Avenue is a studio with 0.0 baths and was built in 2003. The property's zip code is 95360 which is in Newman, CA

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