145 W Flora St
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145 W Flora St
6 Unit Apartment Building $725,000 ($120,833/Unit) 9% Cap Rate Stockton, CA 95202
Investment Highlights
- Completely REMODELLED
- Low Expenses
- Low maintenance
Executive Summary
9% Cap Rate! Cash cow, High Income-Producing property! $90,000 annual Income. Very low maintenance & expenses. Energy efficient HVAC, appliances, windows and ceiling fans. This beautiful Victorian 6 plex has one 2 bed/1bath unit, four 1 bed/1bath units & one studio. All six units are rented. ***** Almost COMPLETELY RENOVATED in 2024: High-quality appliances (Samsung stove/oven, ductless split system HVAC w/Bluetooth, dual pane windows, Trex decking, interior and exterior paint, wood-pattern vinyl plank flooring,large format tile, kitchen counters, vinyl siding, updated roof, Kraus kitchen sinks w/ retractable faucet nozzle, ceiling fan/lights with Bluetooth, motion sensor exterior lights, outdoor space for tenants to enjoy pictures, cabinets, sinks, toilets & bidet. All new electric and plumbing. New individual gas and electric meters installed and all city inspections passed. Ample parking on the big corner lot. $$$$$$ No need to use your income or credit to qualify for a loan. A Debt Service Coverage Ratio (DSCR) Mortgage where income generated by the property is used to qualify for the loan - NOT the income and credit report of the investor - is an option. Close to parks, shopping, freeway, UOP and the Miracle Mile.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $725,000 | Building Class | B |
| Price Per Unit | $120,833 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,648 SF |
| Cap Rate | 9% | Average Occupancy | 95% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1916/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.19/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $725,000 |
| Price Per Unit | $120,833 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,648 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1916/2024 |
| Parking Ratio | 2.19/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Basement
- Deck
- Porch
- Vinyl Flooring
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | 400 |
| 1+1 | 4 | $1,250 | 600 |
| 2+1 | 1 | $1,500 | 850 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 137-180-06 | Total Assessment | $526,691 (2023) |
| Land Assessment | $197,016 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $329,675 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
137-180-06
Land Assessment
$197,016 (2023)
Improvements Assessment
$329,675 (2023)
Total Assessment
$526,691 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | R1, Stockton (Rural Residential) |
| R1, Stockton (Rural Residential) |
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145 W Flora St
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