1883 W Flora ST, Stockton, CA 95203
- $900,000
- 4,760
- SqFt
Listed by David Flores, 408-333-9767 from Realty World Dominion
(If provided) CoList: from
- List Price
- $900,000
- MLS#
- ML82049227
- Status
- ACTIVE
- Sqft. of Residence
- 4,760
- Lot Size
- 10,869
- Listing Area
- Stockton Central
- Year Built
- 1978
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.
Additional Information
- Cooling System
- Central AC
- Floor Covering
- Carpet, Laminate, Other
- Foundation
- Concrete Slab
- Garage Parking
- Carport
- Heating System
- Central Forced Air
- Laundry Facilities
- Hookups Only
- Living Area
- 4,760
- Lot Size
- 10,869
- Neighborhood
- Stockton Central
- Other Rooms
- Storage
- Other Utilities
- Public Utilities
- Roof
- Tile
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RH
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