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Commercial Property — 1883 W Flora Street, Stockton, CA

$900,000

1883 W Flora Street, Stockton, CA

$900,000 — 1883 W Flora Street, Stockton, CA — photo 1 $900,000 — 1883 W Flora Street, Stockton, CA — photo 2 $900,000 — 1883 W Flora Street, Stockton, CA — photo 3 $900,000 — 1883 W Flora Street, Stockton, CA — photo 4 $900,000 — 1883 W Flora Street, Stockton, CA — photo 5
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About this property

Great investment opportunity, this turnkey 5-unit apartments two buildings is a cash flowing investment the first day you purchase, all unit's mix are 2BR/1BA, approximately 952 sqft. (Great mix for long term tenants) All leases are one year after some expiring this year, allowing for prompt rent adjustments upon ownership transfer. Tenants pay for their own Water, Sewer, Trash, electricity and gas, three ground-level floors and two upstairs units; all units have central air conditioning, 4 of the 5 have updated kitchen cabinets and countertops, durable tile roof, very quiet and private street. monthly yearly rental income: $85,200. Current cap rate at 7% Plus, Yearly expenses including taxes, insurance, maintenance, and utilities* very stable rent demand. Don't miss this opportunity to buy a cash flowing property from day one and with very friendly and long-term tenants.

Property details

Square feet
4,760
Year built
1978
Property type
CommercialSale

Location

1883 W Flora Street • Stockton, CA 95203

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Listed by

David Flores · Realty World Dominion

Listing courtesy of Realty World Dominion. Information deemed reliable but not guaranteed.

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