3423-3425 Charleston Ct - Apartments FOR SALE


Stockton, CA 95209
$530,000 USD
916-730-3846
3423-3425 Charleston Ct, Stockton, CA for Sale
$530,000 USD
Apartments - FOR SALE
1/44
null | 5.86% Cap Rate

3423-3425 Charleston Ct
Stockton, CA 95209


HIGHLIGHTS

  • Two 3 bedroom, 2 Bath Units
  • 2 Car Garages
  • Vaulted Ceilings
  • Fireplaces

OVERVIEW

Stockton Cash Cow. Current Rents are $1795 per month plus all utilities are passed through so the average rent with pass-throughs are about $1995 a month per unit. This translates to a scheduled gross income of about $47,780 with a GRM 11.06. Plus there is still upside potential Rentometer Pro Suggests and the average rent for a 3 bedroom in the area is $2,148 per month! These units have had a good amount of updating over the years and have the following features: Newer Exterior paint, each unit has 3 bedrooms,2 bathrooms, and 2 car garages. Each unit has indoor laundry hookups, vaulted ceilings in the living room, and a fireplace. The Kitchens have tile countertops and stainless-steel sinks. The bathrooms have tile floors, tile shower surrounds, and newer vanities. The flooring is a combination of tile and vinyl plank throughout. These units also have dual pane windows and central heat and air. Lastly, each unit has a fenced backyard with cement patio.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

2

PRICE/UNIT

$265,000

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,365 SF

ZONING

R2, Stockton

APN/PARCEL ID

082-050-24

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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