429 Vincente Way
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429 Vincente Way
3 Unit Apartment Building $635,000 ($211,667/Unit) 6.04% Cap Rate Stockton, CA 95207
Investment Highlights
- Quiet Neighborhood
- Many Updates
- Dual Pane Windows
- Laundry Facility
Executive Summary
See a complete Walkthrough of all units and analysis at https://www.youtube.com/watch?v=jTpQ3bFUq3I
This clean Triplex is located in a primarily single-family neighborhood. If you are looking for arguably the best overall value for a triplex in Stockton you have come to the right place. This Triplex features 3 spacious 2 bedroom, 1 bath units. Each unit has a covered carport and is about 838 Sqft with a large living room, breakfast nook & private patio area. The property has many updates including new appliances, updated kitchens, bathrooms, and floors. The updating varies slightly by unit. The property has a Shared laundry room with a storage closet for each unit. One unit is currently rented at $1670. Assuming the other units are rented for the same amount, the property would have a scheduled gross income of $60,120. This translates to a GRM of 10.56. Offer with confidence knowing the seller has had a whole house inspection and a pest inspection.
This clean Triplex is located in a primarily single-family neighborhood. If you are looking for arguably the best overall value for a triplex in Stockton you have come to the right place. This Triplex features 3 spacious 2 bedroom, 1 bath units. Each unit has a covered carport and is about 838 Sqft with a large living room, breakfast nook & private patio area. The property has many updates including new appliances, updated kitchens, bathrooms, and floors. The updating varies slightly by unit. The property has a Shared laundry room with a storage closet for each unit. One unit is currently rented at $1670. Assuming the other units are rented for the same amount, the property would have a scheduled gross income of $60,120. This translates to a GRM of 10.56. Offer with confidence knowing the seller has had a whole house inspection and a pest inspection.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $635,000 | Apartment Style | Low Rise |
| Price Per Unit | $211,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.04% | Building Size | 2,550 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 33% |
| Gross Rent Multiplier | 10.34 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1970/2024 |
| Property Type | Multifamily | Parking Ratio | 1.18/1,000 SF |
| Property Subtype | Apartment |
| Price | $635,000 |
| Price Per Unit | $211,667 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.34 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,550 SF |
| Average Occupancy | 33% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2024 |
| Parking Ratio | 1.18/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Double Pane Windows
- Family Room
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,645 | 850 - 1,695 |
1 of 1
zoning
| Zoning Code | R2, Stockton |
| R2, Stockton |
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Ron Benning -
Shawn Mileham -
Ron Benning
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429 Vincente Way
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