Stockton 2 3 Bedroom Units! | 9304 Fox Creek Dr
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Stockton 2 3 Bedroom Units! 9304 Fox Creek Dr
2 Unit Apartment Building $549,999 ($275,000/Unit) 6.25% Cap Rate Stockton, CA 95210
Investment Highlights
- 2- 3 Bedroom 2 bath Units
- Each Unit has a 2 Car Garage
Executive Summary
: Hard to find Duplex with 2 3-bedroom, 2 bath units located in Wagner Heights (North Stockton). Both units were updated about 7
years ago. This property is located in the Lodi Unified School District. The owners have recently replaced the air conditioners, water heaters, and gutters. The property has a stucco exterior, tile roof, and dual pane windows. Current rents are $2000 a month and $1980 a month with the tenants also paying all utilities. This is equivalent to another $200- $250 a Month. Gross scheduled income is $47,760 with a GRM of 11.51 or about $50,760 and a GRM of 10.83 after factoring in the additional utilities. Proforma Cap rate of 6.25% based on current expenses and projected taxes. You can count on stable rents because both tenants are on the Housing Voucher program with most of the rent GUARANTEED and directly deposited into your account each month. Offer with confidence knowing the seller is providing a pest inspection and whole house inspection that are in the property vault.
years ago. This property is located in the Lodi Unified School District. The owners have recently replaced the air conditioners, water heaters, and gutters. The property has a stucco exterior, tile roof, and dual pane windows. Current rents are $2000 a month and $1980 a month with the tenants also paying all utilities. This is equivalent to another $200- $250 a Month. Gross scheduled income is $47,760 with a GRM of 11.51 or about $50,760 and a GRM of 10.83 after factoring in the additional utilities. Proforma Cap rate of 6.25% based on current expenses and projected taxes. You can count on stable rents because both tenants are on the Housing Voucher program with most of the rent GUARANTEED and directly deposited into your account each month. Offer with confidence knowing the seller is providing a pest inspection and whole house inspection that are in the property vault.
Financial Summary (Actual - 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 (Actual - 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 | $549,999 | Property Subtype | Apartment |
| Price Per Unit | $275,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.25% | Building Size | 2,236 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.83 | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1980/2017 |
| Property Type | Multifamily | Parking Ratio | 4.47/1,000 SF |
| Price | $549,999 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.83 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 2,236 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2017 |
| Parking Ratio | 4.47/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Dining Room
- Double Pane Windows
- Family Room
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,990 | 1,119 |
1 of 1
zoning
| Zoning Code | R-2 (Multi-Family Residential) |
| R-2 (Multi-Family Residential) |
-
Ron Benning -
Shawn Mileham -
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Stockton 2 3 Bedroom Units! | 9304 Fox Creek Dr
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