$542,500
$545,400
0.5%For more information regarding the value of a property, please contact us for a free consultation.
9,085 Sqft Lot
SOLD DATE : 01/18/2023
Key Details
Sold Price $542,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Quail Lakes
MLS Listing ID 221097452
Sold Date 01/18/23
HOA Fees $29/ann
HOA Y/N Yes
Originating Board MLS Metrolist
Year Built 1977
Lot Size 9,085 Sqft
Acres 0.2086
Property Description
Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet cul-de-sac, one unit has 3 bedrooms, 2 full baths, & a 2-car garage. The other unit has 2 bedrooms, 2 full baths, & a 2-car garage. Both units feature spacious Living Rooms w/ cozy fireplaces, Master Suites & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $36,420. GRM is 15.2 & 6.6% Cap Rate. Similar units in the neighborhood recently rented for $1,995 & $1,895 per month! Potential annual rents of $46,680 with a GRM of 11.9 and 8.4% Cap Rate! A fantastic investment opportunity. A portfolio of up to 14 duplex are available in beautiful centrally located Quail Lakes.
Location
State CA
County San Joaquin
Area 20704
Direction From I5, Exit March Lane East, to LEFT on Quail Lakes Drive, to LEFT on Passero Way to RIGHT on Cascade Court.
Interior
Interior Features Vaulted Ceiling(s)
Heating Central, Separate, Natural Gas
Cooling Separate, Central
Flooring Carpet, Laminate, Linoleum
Appliance Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
Laundry In Each Unit, Varies by Unit, Laundry Closet, Washer/Dryer Hookups
Exterior
Garage Attached, Garage, Garage Door Opener, Interior Access
Garage Spaces 4.0
Utilities Available Natural Gas Connected
Amenities Available None
Water Access Desc Meter on Site,Private
Roof Type Tile
Topography Level
Porch Uncovered Patio, Varies by Unit
Total Parking Spaces 8
Building
Lot Description Auto Sprinkler F&R, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
Story 1
Foundation Slab
Sewer In & Connected
Water Meter on Site, Private
Architectural Style Contemporary
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 108-050-26
Special Listing Condition None
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