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$ 900,000
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Active
1883 W Flora Street Stockton, CA 95203
4,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $189
MLS Listing ID ML82049227
HOA Y/N No
Year Built 1978
Lot Size 10,869 Sqft
Property Sub-Type Other
Property Description
Great investment opportunity, this turnkey 5-unit apartments two buildings is a cash flowing investment the first day you purchase, all unit's mix are 2BR/1BA, approximately 952 sqft. (Great mix for long term tenants) All leases are one year after some expiring this year, allowing for prompt rent adjustments upon ownership transfer. Tenants pay for their own Water, Sewer, Trash, electricity and gas, three ground-level floors and two upstairs units; all units have central air conditioning, 4 of the 5 have updated kitchen cabinets and countertops, durable tile roof, very quiet and private street. monthly yearly rental income: $85,200. Current cap rate at 7% Plus, Yearly expenses including taxes, insurance, maintenance, and utilities* very stable rent demand. Don't miss this opportunity to buy a cash flowing property from day one and with very friendly and long-term tenants.
Location
State CA
County San Joaquin
Zoning RH
Interior
Interior Features Updated Baths, Updated Kitchen
Heating Forced Air
Flooring Laminate, Other
Fireplace No
Appliance Refrigerator
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 13341230
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Listed by David Flores • Realty World Dominion