$345,000
$375,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 01/16/2024
Key Details
Sold Price $345,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223096800
Sold Date 01/16/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1950
Lot Size 0.500 Acres
Acres 0.5
Property Description
Reduced Price with extremely motivated Seller. Fixer with a solid 10% cap rate. Exceptional multifamily investment opportunity situated in Boggs Tract encompassing a generous almost half-acre lot, this property features 2 single-family houses and a side-by-side duplex. (4) 2-bedroom, 1-bathroom units totaling 2,675 square feet. Front side-by-side duplex converted into 4 studios has demo permit and a fresh plans to satisfy County violation to convert back. After renovations, front house will be side-by-side duplex with 2, 2 bedroom units. Property has two paying tenants in single family units in the back, cash-flowing from day 1 with a gross income of $2400 per month. Effortless access to diverse destinations, making it an ideal choice for both tenants and investors. The rear portion of the property offers substantial space for a creative investor to enhance its value, and property is on public electric, water and sewage, ripe for subdivision with Buyer to verify. Explore the blend of cash-flow, opportunity, and potential in this investment gem. This property was a foreclosure sale currently owned by previous lender. Offers accepted on a rolling basis. Property is subject to Inspection. Do not disturb tenants.
Location
State CA
County San Joaquin
Area 20801
Direction Please use GPS - Across from the Boggs Tract Community Center
Interior
Heating Gas, Wall Furnace, Individual
Cooling Window Unit(s), Varies by Unit, None
Flooring Laminate, Vinyl, Varies by Unit
Equipment None
Laundry Varies by Unit
Exterior
Parking Features Off Street, Guest Parking Available
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Shape Irregular
Story 1
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 145-080-30
Special Listing Condition Offer As Is
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