145 W Flora St - Apartments FOR SALE


Stockton, CA 95202
$725,000 USD
917-288-7477
145 W Flora St, Stockton, CA for Sale
$725,000 USD
Apartments - FOR SALE
1/5
null | 9% Cap Rate

145 W Flora St
Stockton, CA 95202


HIGHLIGHTS

  • Completely REMODELLED
  • Low maintenance
  • Low Expenses

OVERVIEW

9% Cap Rate! Cash cow, High Income-Producing property! $90,000 annual Income. Very low maintenance & expenses. Energy efficient HVAC, appliances, windows and ceiling fans. This beautiful Victorian 6 plex has one 2 bed/1bath unit, four 1 bed/1bath units & one studio. All six units are rented. ***** Almost COMPLETELY RENOVATED in 2024: High-quality appliances (Samsung stove/oven, ductless split system HVAC w/Bluetooth, dual pane windows, Trex decking, interior and exterior paint, wood-pattern vinyl plank flooring,large format tile, kitchen counters, vinyl siding, updated roof, Kraus kitchen sinks w/ retractable faucet nozzle, ceiling fan/lights with Bluetooth, motion sensor exterior lights, outdoor space for tenants to enjoy pictures, cabinets, sinks, toilets & bidet. All new electric and plumbing. New individual gas and electric meters installed and all city inspections passed. Ample parking on the big corner lot. $$$$$$ No need to use your income or credit to qualify for a loan. A Debt Service Coverage Ratio (DSCR) Mortgage where income generated by the property is used to qualify for the loan - NOT the income and credit report of the investor - is an option. Close to parks, shopping, freeway, UOP and the Miracle Mile.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,833

CAP RATE

9%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R1, Stockton

APN/PARCEL ID

137-180-06

ASK ABOUT THIS PROPERTY

Olympia HostlerRe/Max CrossroadsMore Info
917-288-7477

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Olympia HostlerRe/Max CrossroadsMore Info
917-288-7477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.