530 S School St - Apartments FOR SALE


Lodi, CA 95240
$775,000 USD
209-401-9085
530 S School St, Lodi, CA for Sale
$775,000 USD
Apartments - FOR SALE
1/7
null | 7.02% Cap Rate

530 S School St
Lodi, CA 95240


HIGHLIGHTS

  • Newly remodeled, stabilized 5-unit apartment property in the highly desirable Downtown Lodi submarket.
  • Excellent location near Downtown Lodi, daily need shopping, and major traffic arteries.
  • Recent capital improvements include paint and unit remodels.
  • Four (4) 1-bedroom units and one (1) large 3-bedroom house on the property.

OVERVIEW

Colliers Central Valley Investment Team is pleased to present the School Street Apartments, a five (5) unit apartment complex located in Lodi, California. The property provides an investor a unique opportunity to own an apartment complex with a stabilized cash flowing investment property near many daily needs and other retail uses in a high barrier to entry market. Lodi is an extremely desirable rental market with historically low vacancy. The apartment complex is comprised of four (4) 1-bedroom, 1-bathroom units, approximately 1,500 SF; and one (1), 3-bedroom, 1-bathroom house that is approximately 1,271 SF. The apartment grounds offer residents ample parking, spacious living quarters, newly remodeled units. In addition to the amenities listed above the complex is two blocks from Downtown Lodi, Lodi's main entertainment district that includes a 12 screen movie theatre, numerous wine tasting rooms, bars, and restaurants.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

5

PRICE/UNIT

$155,000

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The School Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1892

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RLD, Low Density Resident

APN/PARCEL ID

045-230-22

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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