3423-3425 Charleston Ct
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3423-3425 Charleston Ct
2 Unit Apartment Building $530,000 ($265,000/Unit) 5.86% Cap Rate Stockton, CA 95209
Investment Highlights
- Two 3 bedroom, 2 Bath Units
- Vaulted Ceilings
- 2 Car Garages
- Fireplaces
Executive Summary
Stockton Cash Cow. Current Rents are $1795 per month plus all utilities are passed through so the average rent with pass-throughs are about $1995 a month per unit. This translates to a scheduled gross income of about $47,780 with a GRM 11.06. Plus there is still upside potential Rentometer Pro Suggests and the average rent for a 3 bedroom in the area is $2,148 per month! These units have had a good amount of updating over the years and have the following features: Newer Exterior paint, each unit has 3 bedrooms,2 bathrooms, and 2 car garages. Each unit has indoor laundry hookups, vaulted ceilings in the living room, and a fireplace. The Kitchens have tile countertops and stainless-steel sinks. The bathrooms have tile floors, tile shower surrounds, and newer vanities. The flooring is a combination of tile and vinyl plank throughout. These units also have dual pane windows and central heat and air. Lastly, each unit has a fenced backyard with cement patio.
Data Room Click Here to Access
- Operating and Financials
- Third Party Reports
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $530,000 | Apartment Style | Low Rise |
| Price Per Unit | $265,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.86% | Building Size | 2,277 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.06 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 2.64/1,000 SF |
| Property Subtype | Apartment |
| Price | $530,000 |
| Price Per Unit | $265,000 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.06 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,277 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 2.64/1,000 SF |
Unit Amenities
- Fireplace
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,995 | 1,100 |
1 of 1
zoning
| Zoning Code | R2, Stockton |
| R2, Stockton |
-
Ron Benning -
Shawn Mileham -
Ron Benning
1 of 45
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3423-3425 Charleston Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.