1883 W Flora Street, Stockton, CA 95203
List Price: $900K
Listing Status: Active
0Days on Market: 2
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1978
Lot Size: 10,869 sq ft
Annual Property Tax: $4,782
MLS Number: ML82049227
About This Property
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.
Listing provided by: David Flores DRE #01713023 (408) 980-5202 mls@dft1.com, Realty World Dominion
Source: CRMLS, MLS #: ML82049227
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.