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 have very large 1 bedroom w/ bonus room, 1 full bath, with parking at the rear of the building. Separate utility meters. All units are tenant occupied. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $56,604. GRM is 10.3 and 9.7% Cap Rate. Similar units in the neighborhood recently rented for $1,250 per month. Potential annual rents of $60,000 with a GRM of 9.75 and 10.3% Cap Rate! A fantastic investment opportunity.
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0BEDS
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0.19ACRES
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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 have very large 1 bedroom w/ bonus room, 1 full bath, with parking at the rear of the building. Separate utility meters. All units are tenant occupied. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $56,604. GRM is 10.3 and 9.7% Cap Rate. Similar units in the neighborhood recently rented for $1,250 per month. Potential annual rents of $60,000 with a GRM of 9.75 and 10.3% Cap Rate! A fantastic investment opportunity.
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