This blog hosts a “Lowest Priced House on MLS” category because it’s always interesting to see what the good ol’ American dollar can buy these days in this wild market. The last winner was a $12,500 house, but this time we’ll take a look at the lowest-priced multi-unit property (2-4 units).
And the winner is…. $35,900 (4 units)
414 S Conejo Avenue is a bank-owned property in Modesto and is described as a 4-unit property with 2 detached single family units as well as one 2-story duplex on the same lot (per MLS). As of today the property has been priced at $35,900 for 11 days. The lot size is 0.24 acres and the units appear to have been built in 1945 per Tax Records. This property sold previously in March 2006 for $330,000. The previous MLS listing from 2006 stated that the units had the following bed/bath count: 3/1, 2/1, 1/1, 1/1.
The current MLS listing states “this is a cash deal”, which is indicative of the condition most likely. If you have further questions, I am glad to put you in touch with the Agent. And no, I don’t have any connections with the Agent or this property.
http://www.lundquistcompany.com/blog The Lowest Priced Multi-Unit Property on MLS (Sacramento Region)
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Tags: Lowest Price on MLS, Modesto Bank Owned Property, Modesto Duplex Real Estate Appraiser, Modesto FHA Real Estate Appraiser, Modesto Fourplex Real Estate Appraiser, Modesto Property Values, Modesto Real Estate Appraisal, Modesto Real Estate Appraiser, Modesto Real Estate Market, Multi-Unit Residential Income Property Appraiser, Sacramento Region Multi-Unit Residential Income Properties
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