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23 E Walnut Street

Stockton, CA 95204
  • $625,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 222048111
UPDATED: 70 min ago
$625,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Information

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

Description

Excellent turn-key investment. A great opportunity to own a 4-Plex centrally located in the charming historic area of Stockton close to everything; downtown, the Stockton Arena & ball park, UOP, Stanislaus State Stockton Campus, transit, freeways, shopping, parks and more. Located on a quiet tree lined street, all units have 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Separate utility meters. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $61,752. GRM is 10.12 and 9.88% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 8.7 and 11.5% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 21 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.

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Metrolist MLS logo © 2022 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 2022-05-15T23:39:04.813. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.ardarealty.co/homes/127855124
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23 E Walnut Street Stockton, CA 95204

  • Price: $625,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 70 min ago
  • MLS #: 222048111
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1965
Built
Neighborhood:
Stockton Central
County:
San Joaquin
Area:
Stockton Central
Elementary School:
Stockton Unified
Middle School:
Stockton Unified
High School:
Stockton Unified
School District:
San Joaquin
Property Description
Excellent turn-key investment. A great opportunity to own a 4-Plex centrally located in the charming historic area of Stockton close to everything; downtown, the Stockton Arena & ball park, UOP, Stanislaus State Stockton Campus, transit, freeways, shopping, parks and more. Located on a quiet tree lined street, all units have 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Separate utility meters. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $61,752. GRM is 10.12 and 9.88% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 8.7 and 11.5% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 21 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.
Exterior Features

Architectural Style Traditional Carport Spaces 0.00 Construction Materials StuccoFrame Covered Spaces 0.00 Foundation Slab Independent Parking Spaces 0 Levels Two Lot Features Shape RegularCurbs/Gutters Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 4.00 Parking Features Off StreetSee Remarks Tandem Parking Spaces 0 Total Parking Spaces 4.00

Interior Features

Appliances Varies By Unit Cooling Varies By Unit Flooring Varies By Unit Heating Varies By Unit Laundry Features Coin OperatedIn Common Area Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 4 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 500 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1495 Unit1 Rooms 0 Unit1 Type Apartment Unit2 Approx Sq Ft 500 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 861 Unit2 Rooms 0 Unit2 Type Apartment Unit3 Approx Sq Ft 500 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 1495 Unit3 Rooms 0 Unit3 Type Apartment Unit4 Approx Sq Ft 500 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 1295 Unit4 Rooms 0 Units Furnished None Window Features Varies By Unit

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Electric 220 Volts Elevation 0 Income Includes Other Irrigation None Lease Deposit 0 Lease Term Month To Month Num Of Commercial Units 0 Property Subtype Quadruplex Property Type Residential Income Separate Meters ElectricityGas Sewer In & Connected Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Apartments Tenant Pays Cable TvElectricityGasSee RemarksOther Utilities Natural Gas ConnectedElectric Water Source Public Zoning Res

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Metrolist MLS logo © 2022 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 2022-05-15T23:39:04.813. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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John Acord Team | Arda Realty
915 Douglas Blvd. Ste. 3
Roseville CA, 95678