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$ 900,000
Est. payment /mo
Active
1883 W Flora ST Stockton, CA 95203
10,868 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82049227
HOA Y/N No
Year Built 1978
Annual Tax Amount $4,782
Lot Size 10,868 Sqft
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
Area 699 - Not Defined
Zoning RH
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Carport Spaces 5
Roof Type Tile
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 13341230
Special Listing Condition Standard
Virtual Tour https://www.reagentexpert.com/property-search/detail/218/ML82049227/1883-w-flora-street-stockton-ca-95203/
Listed by David Flores Realty World Dominion #01713023
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