Description
Excellent turn-key investment. A great opportunity to own a 4-Plex centrally located in the charming historic area of Stockton close to everything; downtown, the Stockton Arena & ball park, UOP, Stanislaus State Stockton Campus, transit, freeways, shopping, parks and more. Located on a quiet tree lined street, all units are large and have 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Inside hallway access to all units. Separate utility meters. All units are rented. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $62,544. GRM is 10.79 and 9.27% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 9.4 and 10.6% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 23 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Excellent turn-key investment. A great opportunity to own a 4-Plex centrally located in the charming historic area of Stockton close to everything; downtown, the Stockton Arena & ball park, UOP, Stanislaus State Stockton Campus, transit, freeways, shopping, parks and more. Located on a quiet tree lined street, all units are large and have 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Inside hallway access to all units. Separate utility meters. All units are rented. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $62,544. GRM is 10.79 and 9.27% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 9.4 and 10.6% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 23 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.
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