9556 Kelley DR Stockton, CA 95209

Great opportunity to own good income producing Triplexes. Seller owns two triplexes (ML81978352 & ML81978348 ) and buyer can buy only one or both Triplexes together. 9556 Kelley Dr Stockton : $645,000 (2945 Sq ft built area. 7000 Sq ft lot.) , 9568 Kelley Dr Stockton: $655,000 (2945 Sq ft built ar...ea. 7478 Sq ft lot.) Each Triplex has One 3 bedroom, 2 baths and Two 2 bedrooms 2 baths:Total 7 Bedrooms and 6 Baths. Year Built : 1980 Excellent opportunity to generate passive income. All units are leased. All units have wood burning fireplaces. Nice size yard. Desired Lodi School District. Most of the flooring is either tiles or vinyl and kitchens are also remodeled. This property is in a convenient and excellent position close to Hammer Lane shopping, public transportation and quick Hwy 99/ I-5 access. Seller owned these two properties for about 10 years. Proforma's cap rate can be 7.1% as per current market rents. Seller didn't revise the rents to match with the current market rents. Continue reading