Property Details

Description

On offer is an exceptionally maintained cash flowing 8 unit in Stockton with market rents of $750/unit. This 2 story multiplex sits on an low maintenance lot and offers investors a way to easily expand into the rapidly growing Stockton submarket. With less than 2% vacancy, a buoyant rental market and very little multifamily inventory, these units stay full and all tenants are paying. There is great upside for rents over time. There is no deferred maintenance as the current owner recently performed a home inspection and repaired all issues. With a professional management company in place, this is an easy to own commercial asset. 3/4 of the units have new flooring or upgrades made in the last 2 years. There is 2 year old commercial Roof with a 15 year warranty. There is considerable capital upside and a current NOI of 6.5%.

General Features
- Approx. Lot Sq. Ft. 5001
- HOA No
- HOA Dues $0
- Tenant Pays Cable, Electric
- Year Built 1972
- County San Joaquin
Building Features
- Air Conditioning Refrig Wall Units, Window
- Heat Furnace Wall
- Unit 1 Approx. SqFt. 600
- Unit 2 Approx. SqFt. 600
- Unit 3 Approx. SqFt. 600
- Unit 4 Approx. SqFt. 600
- Construction Wood
- Roof Description Flat/Low Pitch
- Amenities Washer/Dryer Leased
- Equipment Varies by Unit, Washer/Dryer
- Exterior Stucco
- Furnished Varies By Unit
- Kitchen Appliances Varies by Unit
Property Features
- Acreage 0.11
- Parking 1 Space Per Unit
- Energy Features None
Schools
- Elementary School Stockton Unified
- Middle School Stockton Unified
- High School Stockton Unified

Contact

Neighborhood

95205 (Stockton) Demographics

30 Median Age

4,110 Population Density (per sq. mile)

11% College Educated

$33,269 Estimated Median Income

4,493 Estimated Total Home Owners

5,878 Estimated Total Renters

43% / 57% Estimated Owner / Renter Divide

3 Estimated Average Household Size

37,362 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

1

Public Aspire Port City Academy

Grades: KG - 5
Enrollment: 399

1

Public August Elementary

Grades: KG - 8
Enrollment: 676

1

Public Dr. Lewis Dolphin Stallworth Sr.

Grades: KG - 8
Enrollment: 230

1

Public Fillmore Elementary

Grades: KG - 8
Enrollment: 798

1

Public Grunsky Elementary

Grades: KG - 8
Enrollment: 555

1

Public John C. Fremont Elementary

Grades: KG - 8
Enrollment: 896

1

Public King Elementary

Grades: KG - 8
Enrollment: 976

1

Public Roosevelt Elementary

Grades: KG - 8
Enrollment: 462

Middle Schools

4

Public Aspire Langston Hughes Academy

Grades: 6 - 12
Enrollment: 714

1

Public August Elementary

Grades: KG - 8
Enrollment: 676

3

Private Childrens Home Of Stockton

Grades: 8 - 17
Enrollment: 45

1

Public Dr. Lewis Dolphin Stallworth Sr.

Grades: KG - 8
Enrollment: 230

1

Public Fillmore Elementary

Grades: KG - 8
Enrollment: 798

1

Public Grunsky Elementary

Grades: KG - 8
Enrollment: 555

1

Public John C. Fremont Elementary

Grades: KG - 8
Enrollment: 896

1

Public King Elementary

Grades: KG - 8
Enrollment: 976

1

Public Roosevelt Elementary

Grades: KG - 8
Enrollment: 462

High Schools

4

Public Aspire Langston Hughes Academy

Grades: 6 - 12
Enrollment: 714

3

Private Childrens Home Of Stockton

Grades: 8 - 17
Enrollment: 45

3

Public Jane Frederick High

Grades: 9 - 12
Enrollment: 235

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$230,000 Median Sales Price

21 Homes Sold

22 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $729,000	-2.8%
5/13/2020 2:16:00 PM	New in Database Source	New Value: $750,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 10/28/2020 10:47:20 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

1326 East Lindsay $729,000

1326 East Lindsay Stockton, CA 95205

$729,000

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