Active

409 N 1st Street

Patterson CA, 95363

$1,995,500


Active

Multi-family

Built in 1945

10 Unit Garden Apartment Village in walking distance to downtown Patterson. The property is located in a Federal Opportunity Zone. 409 North First Street is a 10-unit Garden-style multi-family property in Patterson California. The First Street Village totals 10 units and are a unique investment opportunity within the Patterson market. This property is a high-yield investment opportunity that includes in-place cash flow and long-term tenants. Highlights include in-unit washers and dryer hookups, carports and gas stoves in the kitchens. Heat is provided via wall heaters and A/C via efficient window units. The potential of this investment can be further maximized through continued value-added initiatives, including exterior improvements, branding, and landscaping. Proximity to the commuter routes and easy access to downtown Patterson will continue to ensure that 409 North First Street remains one at a high occupancy rate. The property is conveniently located within walking distance of the Highway 33 and Las Palmas retail corridors and Public Schools. Strong job growth and expanding neighborhoods have placed a continual spotlight on Patterson for new residents seeking refuge from the San Francisco Bay Area.

223112124

MLS ID

April 25, 2024

Updated

Map

409 N 1st Street
Patterson CA, 95363

Interior Features

Total Stories

1


Interior Features

Tile


Appliances

Gas Oven, Gas Water Heater


Floor Description

Tile


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.13 Acres


Architectual Style

Bungalow


Roof

Composition

School Information

School District

Patterson Joint

Other Property Details

Area Name

20308


Garage

No


Parking Total

20


View

No


County

Stanislaus


Water Source

Public


Pool

No


Zoning

Medium Density Residential


Buyer Agency Compensation

2%

Courtesy of Mountain Valley Properties, George Mac Master,
Listing Contact:  

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