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28 Cascade CT Stockton, CA 95207
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Key Details
Sold Price $541,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Quail Lakes
MLS Listing ID 221097430
HOA Fees $29/ann
Year Built 1978
Lot Size 8,610 Sqft
Property Description
Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet cul-de-sac, both units have 3 bedrooms, 2 full baths, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces, Master Suites, & inside laundries. Durable long lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $36,912. GRM is 15.6 & Cap Rate is 6.4. Similar units in the neighborhood recently rented for $1,995 per month! Potential annual rents of $47,880 with a GRM of 12.0 and 8.3% Cap Rate! A fantastic investment opportunity. A portfolio of up to 14 duplex are available in beautiful centrally located Quail Lakes.
Location
State CA
County San Joaquin
Area 20704
Interior
Heating Central, Separate, Natural Gas
Cooling Separate, Central
Flooring Carpet, Laminate, Linoleum
Laundry In Each Unit, Varies by Unit, Laundry Closet, Washer/Dryer Hookups
Exterior
Garage Attached, Garage, Garage Door Opener, Interior Access
Garage Spaces 4.0
Utilities Available Natural Gas Connected
Amenities Available None
Roof Type Tile
Building
Lot Description Auto Sprinkler F&R, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
Story 1
Foundation Slab
Sewer In & Connected
Water Meter on Site, Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Special Listing Condition None
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Bought with Cheryl Cardamon, Broker
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