1957 Comstock Dr - Multi-Family FOR SALE


Stockton, CA 95209- Stonewood | 
$485,000 USD
916-730-3846
1957 Comstock Dr, Stockton, CA for Sale
$485,000 USD
Multi-Family - FOR SALE
1/15
null | 6.46% Cap Rate

1957 Comstock Dr
Stockton, CA 95209
Stonewood


HIGHLIGHTS

  • 3 BEDROOM 2 BATH AND 2 BEDROOM 2 BATH CONFIGURATION
  • LODI UNIFIED SCHOOL DISTRICT
  • COVERED ATTACHED PARKING
  • BUILT IN 1980
  • UNITS RECENTLY REMODELED

OVERVIEW

9.86 GRM! 6.46% CAP RATE! $4,100/MONTH CURRENT RENTAL INCOME! Outstanding North Stockton duplex investment opportunity located in the desirable Lodi Unified School District! Excellent 3-bedroom/2-bath + 2-bedroom/2-bath configuration, with both units recently remodeled and garage parking. Both units are occupied and producing income, generating approximately $49,200 in annual scheduled rents. Offered at $485,000, this property produces approximately $31,337 NOI, delivering the combination investors are searching for: a single-digit 9.86 GRM and a strong 6.46% CAP RATE! Convenient North Stockton location near shopping, dining, schools, and major commuter routes. Strong unit mix, established tenants, immediate income, and compelling investment fundamentals make this an excellent addition to an investment portfolio. TURNKEY NORTH STOCKTON DUPLEX — THE NUMBERS WORK! POSITIVE CASH FLOW DAY ONE! SEE THE ATTACHMENTS!!! RENTAL ANALYSIS, TAX ROLL, FINANCIAL ANALYSIS BOTH ACTUAL AND PRO FORMA) - **PROPERTY IS ONLY A TOTAL OF 210.00 A MONTH AWAY FROM OPERATING AT MARKET RENT**, AND MLS LISTING SHEET. Listing courtesy of Joseph D. Colangelo, Cornerstone Real Estate Group. CA Dre# :01982075

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

2

PRICE/UNIT

$242,500

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1957 Comstock Stockton Ca

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

DUPLEX

APN/PARCEL ID

072-100-01

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 Notice.