Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area… Read More of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details. Read Less
Courtesy of Real Brokerage Technologies, Helen Chong 408-800-5478
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
6,208
Lot Size
0.11 Acres
Year Built
1917
MLS Number
ML82013341
30 Days Snapshot Of 95202
$203k
0%
(avg) sold price
118
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5000.00, Max Area Units: Square Feet, Lot is 0.1147842056933 acres
Accessibility Features
None
Unit One
Rent: $1,345, 2 bedrooms
Unit Two
Rent: $1,200, bedroom 1
Building
6,208 structure square feet, Age: 108, Built in 1917, 2 buildings, Construction type: Wood, 8 minimum units in complex
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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