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1326 E Lindsay St Stockton, CA 95205
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Key Details
Sold Price $780,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40945006
Year Built 1972
Lot Size 5,000 Sqft
Property Description
8-unit apartment complex consisting of eight 1bd/1bth units with a current cap rate of 6.81% and a current GRM of 9.98. The property was built in 1972, offers 3,888 square feet of living space, and sits on a 5,000 square foot lot with ample parking space. The property has been recently upgraded with upgraded units, new exterior paint, a new commercial roof with a 15-year warranty, double pane windows and coin-operated laundry. The property is easy to manage and is separately metered for gas and electric providing for low annual expenses. The property is located on a quiet tree-lined street comprised of almost all single-family homes and is walking distance to many restaurants and shopping options. This is a great opportunity for an investor looking for high cash flow and to capitalize on the booming Stockton market.
Location
State CA
County San Joaquin
Interior
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Bought with Adam Okonski • eXp Realty of California Inc.