2 remolded units a total of 5 new showers 3 new vanity sinks in bathrooms some new stoves and some new windows new exterior paint and new exterior lights new mail boxes
7 unit residential property. Need repairs in some units. Great rental potentials when fully rented. Reasonably priced to sell. There are 3 varieties of apartment units,1 - 2 beds/1 bath unit. 5 - 1 bed/1 bath units, and a single studio unit. Don't miss this gr8 investment opportunity.
6.09% Cap Rate and a Gross Rent Multiplier of 8.21, located in Lincoln Unified School District. Close to Swenson Golf Course. Large 1,295 square foot units, 3 bed, 2 bath, (2) 2-car garages. Units are "month to month" and fully occupied. Two HVAC systems were replaced, 1-2021/1-2022). Tenants pay all utilities including electric, garbage, water, cable, trash and sewer. All units rents were last increased 11/2023.
406 S. Sutter Street Stockton Ca 95203 is a four-unit building. Market rents are over 4800 a month, current long term tenants with 3810 rents and 650 utility income. Loans for fourplex non owner require 25% down, SELLER IS NOT OFFERING CREATIVE FINANCING. Plan your portfolio with this Semi updated Fourplex with new roof in 2021, new exterior paint, and dual pane windows. This investment offers off street paved parking, fenced corner lot with additional parking. Two 2/1 two 1/1 with rental income of 3810 total and an additional 650 utility occupants payments. This is a high cap rate in this market. Good long term occupants, who pay a stipend towards utilities in addition to rent. Again, Seller is NOT offering financing, or terms. The sale is as is and lowball offers they have instructed NOT to be presented. This offers above market cash flow, and is one of the few cap rates higher then going interest rate.
The median home value in Stockton, CA is $414,500. This is lower than the county median home value of $501,300. The national median home value is $338,100. The average price of homes sold in Stockton, CA is $414,500. Approximately 47.83% of Stockton homes are owned, compared to 45.65% rented, while 6.51% are vacant. Stockton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Stockton real estate agent to arrange a tour today!
Stockton, California has a population of 317,818. Stockton is less family-centric than the surrounding county with 32.72% of the households containing married families with children. The county average for households married with children is 36.35%.
The median household income in Stockton, California is $63,916. The median household income for the surrounding county is $74,962 compared to the national median of $69,021. The median age of people living in Stockton is 33 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 38 degrees. The average rainfall is approximately 17 inches per year, with 0 inches of snow per year.