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5625 Passero Way

Stockton, CA 95207
  • $595,000
  • STATUS: Pending
  • ON SITE: 35 Days
  • MLS #: 222047531
Pending
UPDATED: 54 min ago
$595,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet tree lined street, both units have 2 bedrooms, 1 full bath, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $34,788. Similar units in the neighborhood recently rented for $1,895 and $1,995. Potential annual rents of $47,880 with a GRM of 12.43 and Cap Rate of 8.1%! A fantastic investment opportunity. A portfolio of up to 10 duplex are available in beautiful centrally located Quail Lakes.

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Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-26T12:40:25.897. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.thriverealestatefolsom.com/homes/127878642
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5625 Passero Way Stockton, CA 95207

  • Price: $595,000
  • Status: Pending
  • On Site: 35 Days
  • Updated: 54 min ago
  • MLS #: 222047531
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1978
Built
Neighborhood:
Quail Lakes
County:
San Joaquin
Area:
Stockton NW
Elementary School:
Stockton Unified
Middle School:
Stockton Unified
High School:
Stockton Unified
School District:
San Joaquin
Property Description
Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet tree lined street, both units have 2 bedrooms, 1 full bath, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $34,788. Similar units in the neighborhood recently rented for $1,895 and $1,995. Potential annual rents of $47,880 with a GRM of 12.43 and Cap Rate of 8.1%! A fantastic investment opportunity. A portfolio of up to 10 duplex are available in beautiful centrally located Quail Lakes.
Exterior Features

Architectural Style Contemporary Carport Spaces 0.00 Construction Materials Ceiling InsulationStuccoFrameWall InsulationOther Covered Spaces 0.00 Exterior Features Yard Space Foundation Slab Independent Parking Spaces 0 Levels One Lot Features Auto Sprinkler F&RShape RegularCurbs/GuttersSidewalkLandscape BackLandscape Front Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 4.00 Parking Features GarageGarage Door Opener Patio And Porch Features Covered Patio Roof Tile Tandem Parking Spaces 0 Total Parking Spaces 8.00

Interior Features

Appliances Gas Water HeaterDishwasherDisposalFree Standing Electric Range Basement None Cooling SeparateCentral Flooring CarpetLaminateVaries By Unit Heating CentralSeparateNatural Gas Interior Features Vaulted Ceiling(S) Laundry Features In Each UnitLaundry ClosetWasher/Dryer Hookups Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 0 Num Of2 Bedroom Units 2 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 1014 Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1556 Unit1 Rooms 6 Unit1 Type Flat Unit2 Approx Sq Ft 1064 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 1343 Unit2 Rooms 6 Unit2 Type Flat Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0 Units Furnished None Window Features Window CoveringsVaries By Unit

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Features See Remarks Association Fee 353 Association Fee Frequency Annually Association Fee Includes ManagementSee Remarks Association YN Yes Electric 220 Volts Elevation 0 Income Includes See Remarks Irrigation None Lease Deposit 0 Lease Term Month To Month Num Of Commercial Units 0 Property Condition Varies By Unit Property Subtype Duplex Property Type Residential Income Separate Meters ElectricityGasWater Sewer In & Connected Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Planned Unit Develop Tenant Pays Cable TvElectricitySewerGasTaxesSee RemarksOther Utilities Cable AvailableNatural Gas ConnectedElectricInternet Available Water Source Meter On SitePublic Zoning Res

Metrolist MLS logo Listing provided courtesy of Lyon Re Folsom: . Listing information © 2022 MetroList Services, Inc.


Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-26T12:40:25.897. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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