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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Quail Lakes
MLS Listing ID 221030767
Sold Date 06/23/21
HOA Fees $29/ann
HOA Y/N Yes
Originating Board MLS Metrolist
Year Built 1978
Lot Size 8,141 Sqft
Acres 0.1869
Property Sub-Type Duplex
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, both units have 3 bedrooms, 2 full baths, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces and 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 $37,416. GRM is 14.13 & Cap Rate is 7.1! Similar units in the neighborhood recently rented for $1,995 per month! Potential annual rents of $47,880 with a GRM of 11.05 and 9.1% Cap Rate! A fantastic investment opportunity. A portfolio of up to 19 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
Parking Features Attached, Garage, Garage Door Opener, Interior Access
Garage Spaces 4.0
Utilities Available Natural Gas Connected
Amenities Available See Remarks
Water Access Desc Meter on Site
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
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 108-050-17
Special Listing Condition None
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