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    1326 E Lindsay

    Stockton, CA 95205
    • $729,000
    • STATUS: Active
    • ON SITE: 163 days
    • MLS #: 20027114
    UPDATED: 62 min ago
    $729,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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%.

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    © 2020 MetroList® MLS. All rights reserved. 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. Data last updated 2020-10-24T07:38:01.473. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.sacramentoareahomefinder.com/homes/105839981
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    1326 E Lindsay Stockton, CA 95205

    • Price: $729,000
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 20027114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1972
    Built
    Neighborhood:
    Stockton East
    County:
    San Joaquin
    Area:
    Stockton East
    Elementary School:
    Stockton Unified
    Middle School:
    Stockton Unified
    High School:
    Stockton Unified
    School District:
    San Joaquin
    Property 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%.
    Exterior Features

    Approx Elevation 0 Construction Wood Covered Parking Spaces 0 Exterior Stucco Parking 1 Space Per Unit Roof Flat/Low Pitch Stories 2 Uncovered Parking Spaces 0

    Interior Features

    Air Refrig Wall UnitsWindow Equipment Varies By UnitWasher/Dryer Floor Coverings Varies By Unit Furnished Varies By Unit Heat Furnace Wall Kitchen Appliances Varies By Unit Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 600 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 600 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 600

    Property Features

    1 Bedroom Units 8 2 Bedroom Units 0 3 Bedroom Units 0 Amenities Washer/Dryer Leased CCRs Yes Cross Street Address Airport Ave Energy Features None HOA No Hoa Dues 0 Individual Units 8 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 0 Tenant Pays CableElectric Total Leasable 8 Unit1 Rent 750 Unit2 Rent 750 Unit3 Rent 750 Unit4 Rent 750 Year Remodeled 0 Zoning Commercial

    Listing provided courtesy of Catalyst Real Estate Professionals. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. 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. Data last updated 2020-10-24T07:38:01.473. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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