$780,000
$775,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 07/08/2021
Key Details
Sold Price $780,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40945006
Sold Date 07/08/21
HOA Y/N No
Year Built 1972
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
8-unit apartment complex consisting of eight 1bd/1bth units with a current cap rate of 6.81% and a current GRM of 9.98. The property was built in 1972, offers 3,888 square feet of living space, and sits on a 5,000 square foot lot with ample parking space. The property has been recently upgraded with upgraded units, new exterior paint, a new commercial roof with a 15-year warranty, double pane windows and coin-operated laundry. The property is easy to manage and is separately metered for gas and electric providing for low annual expenses. The property is located on a quiet tree-lined street comprised of almost all single-family homes and is walking distance to many restaurants and shopping options. This is a great opportunity for an investor looking for high cash flow and to capitalize on the booming Stockton market.
Location
State CA
County San Joaquin
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 8
Others
Tax ID 151130340000
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Bought with Adam Okonski • eXp Realty of California Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "