145 Flora St, Stockton, CA 95202

6 Unit Apartment Building | $725,000 ($120,833/Unit) | 9% Cap Rate | Stockton, CA 95202

Asking Price $725,000

Property Type: Multifamily
Square Feet: 3,648 SF

Listing Contacts

Olympia Hostler

Verified Profile

Property Info

Property 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. Five of six units are rented. The 6th unit will be rented within two weeks to make the building fully occupied.***** 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.

Property Details

Class: B
Year Built/Renovated: 1916/2024
Stories: 2
Lot Size (sq. ft): 7,405 SF
Units: 6

Highlights

Completely REMODELLED
Low maintenance
Low Expenses

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