1883 W Flora Street, Stockton, CA 95203
- $900,000
- List Price
- $900,000
- Status
- ACTIVE
- MLS#
- ML82049227
- Year Built
- 1978
- Lot Size
- 10,869
- Acres
- 0.25
- Days on Market
- 56
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $4,782
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Other
- Roof
- Tile
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $85,200
Listing courtesy of Listing Agent: David Flores (mls@dft1.com) from Listing Office: Realty World Dominion.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.