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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222115580
Sold Date 10/20/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1970
Lot Size 7,200 Sqft
Acres 0.1653
Property Sub-Type Triplex
Property Description
This is a RIDICULOUS PRICE, it is a steal ! HURRY MAKE YOUR OFFER. Single story triplex near Hammer Lane. All units 2-bdrm, 1-bath; carport parking for each. Two units were improved with laminate flooring in recent years. One unit was remodeled by previous owner a few years ago with new drywall, laminate flooring, fixtures, cabinets, windows, tub surround, doors, double wall heater. Sewer line to mainline has been replaced (trenchless) and a new clean out installed by Roto-rooter. Current Rents are $39,840 per year. Potential rent is $1.5K p.unit p.m. or $50K+ p.a. That translates to a gross cap rate of 10%
Location
State CA
County San Joaquin
Area 20705
Direction North of Hammer, just west of Tam O'Shanter.
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Flooring Tile, Laminate
Laundry In Each Unit
Exterior
Parking Features Carport
Utilities Available City
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 3
Building
Lot Description None
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
Schools
Elementary Schools Lodi Unified
Middle Schools Lodi Unified
High Schools Lodi Unified
School District San Joaquin
Others
Senior Community No
Tax ID 088-243-20
Special Listing Condition None
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Bought with Local Heroes Realty