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Listed by Asha Vurimi • Single Tree Realty
$605,000
Est. payment /mo
2,945 SqFt
UPDATED:
01/06/2025 11:27 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,945 sqft
Price per Sqft $205
MLS Listing ID ML81989437
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1980
Lot Size 7,478 Sqft
Property Description
Great opportunity to own good income producing Triplexes. Triplex has One 3 bedroom, 2 baths and Two 2 bedrooms 2 baths Total 7 Bedrooms and 6 Baths. Year Built : 1980 Excellent opportunity to generate passive income. All units are leased. All units have wood burning fireplaces. Nice size yard. Desired Lodi School District. Most of the flooring is either tiles or vinyl and kitchens are also remodeled. This property is in a convenient and excellent position close to Hammer Lane shopping, public transportation and quick Hwy 99/ I-5 access. Seller owned these two properties for about 10 years. Proforma's cap rate can be 7.1% as per current market rents. Seller didn't revise the rents to match with the current market rents.
Location
State CA
County San Joaquin
Interior
Heating Electric, Forced Air
Flooring Tile
Fireplace No
Schools
School District Lodi Unified, Lodi Unified
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803