NOT LISTED FOR SALE
4 Beds
4 Baths
1,880 Sq Ft
6,551 Sq Ft Lot

Last Sold September 19, 2016

Last sale price $350,000 $186 Per Sq Ft

36 Days on Market

About This Home

As of September 2016

Great investment opportunity in downtown Stockton. If you are looking for great consistent cash flow, this is it! Some interior and exterior deferred maintenance and being sold in it's present condition. Never vacant. Future tenants are on a waiting list. 9 units each rent for $485 per month. Just paved parking lot. This is a 1031 exchange at no cost to buyer. Please don't disturb tenants. Write offer subject to inspection, CASH ONLY please.

Last Listed By

Sharon Kulbacki

Sharon Kulbacki, Broker License #01100328 Listed on: 08/03/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,375

Year Built

  • Built in 1964

Lot Details

  • 6,551 Sq Ft Lot

Parking

  • 9 Open Parking Spaces

Home Design

  • Flat Roof Shape

Interior Spaces

  • 2-Story Property
  • Free-Standing Electric Range

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $52,380
  • Tenant pays for electricity gas
  • Assessor Parcel Number 149-270-20

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • Insurance Expense $2,269
  • Operating Expense $3,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,375

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1964
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: See Remarks
  • Listing Price: 349900.00
  • Roof: Flat

Garage/Parking

  • Open Parking Spaces: 9
  • Parking Features: Open,Street,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • Utilities Expenses: 9108

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Lincoln Unified

Lot Info

  • Zoning Description: Comm
  • Lot Size Acres: 0.1504
  • Lot Size Sq Ft: 6551

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total Deposit: 52380
  • Total # Leasable: 9

Multi Family

  • Gross Income: 52380
  • Operating Expense: 3120
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 2269
  • Number of Leased Units: 9
  • Number of Units: 9
  • Units Furnished: None
  • Gross Income Multiplier: 11.480

Tax Info

  • Assessor Parcel Number: 149-270-20
  • Current RE Taxes: 5375

MLS Schools

  • School District (County): San Joaquin

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2016 09/19/16 Sold $350,000 -6.6% $186 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/03/2016 08/03/16 For Sale $374,900 -- $199 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16050391

MetroList