924 Cheatham Court, Modesto, CA 95351, Modesto, 95351 - 2 bed, 1 bath
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Modesto, CA 95351
This Multi-Unit Income Asset presents a strategic value-add opportunity with a List Price of $299,000, reflecting a stable entry point relative to its $285,597 Fair Market Value. Currently holding a Condition Rating of 5, the property requires comprehensive rehabilitation but offers immediate utility with $1,900 monthly rent across three units. The asset's standout feature is the expansive 15,921 sq. ft. lot, providing significant ADU potential and space for further development. With motivated sellers and high rental demand, this is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to maximize ROI.
Property is extensive renovation needed.
Built in 1947 (77 years old) with no mention of recent renovations. The exterior shows significant deferred maintenance, and the listing's emphasis on 'due diligence' and land value for ADUs suggests the original structure and systems require a major rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15921, living area = 672.
The property features three units currently generating $1,900 in monthly rent, offering an immediate cash-flow opportunity for investors at an accessible price point.
Boasting a massive 15,921 sq. ft. lot, the property provides significant space for potential ADU expansion, additional development, or extensive outdoor storage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15921, other record lot size in square feet = 15681.
The main structure offers only 672 sq. ft. of living area, which may be too restrictive for owner-occupants or families seeking more interior room.
As a single-family residence containing three units, buyers must carefully verify the legality, permitting, and zoning compliance of the additional structures to ensure long-term viability.
MOTIVATED SELLERS. Nice 2 Bedrooms, 1 Bath, big lot 15,921 sq. Ft. Total of Three units, $1900 on monthly rent. Possible ADU. Agents & buyers are encouraged to do their due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 672 | 1,238 | 3% |
| Lot Size | 15,921 | 7,000 | 90% |
| Price | $299.0K | $390.0K | 17% |
| Price per sq ft | $445 | $314 | 96% |
| Built year | 1947 | 1958 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 168 | 1% |
Apr 16, 2026
$299,000
Initial Listing
Sep 24, 2008
$40,000
Public Record
Apr 29, 2005
$255,000
Public Record
Feb 22, 2002
$88,000
Public Record