$638,000
$625,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
2,500 Sqft Lot
SOLD DATE : 06/14/2022
Key Details
Sold Price $638,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222048111
Sold Date 06/14/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1965
Lot Size 2,500 Sqft
Acres 0.0574
Property 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 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Separate utility meters. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $61,752. GRM is 10.12 and 9.88% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 8.7 and 11.5% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 21 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.
Location
State CA
County San Joaquin
Area 20701
Direction Just NORTH of Harding between Center & El Dorado Streets.
Interior
Heating Varies by Unit
Cooling Varies by Unit
Flooring Varies by Unit
Window Features Varies by Unit
Appliance Varies By Unit
Laundry Coin Operated, In Common Area
Exterior
Garage Off Street, See Remarks
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
Topography Level
Total Parking Spaces 4
Building
Lot Description Shape Regular, Curbs/Gutters
Story 2
Foundation Slab
Sewer In & Connected
Water Public
Architectural Style Traditional
Level or Stories Two
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 127-050-21
Special Listing Condition None
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3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States