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5627 Passero WAY Stockton, CA 95207
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Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Quail Lakes
MLS Listing ID 222047531
HOA Fees $29/ann
Year Built 1978
Lot Size 7,562 Sqft
Property Description
Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet tree lined street, both units have 2 bedrooms, 1 full bath, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $34,788. Similar units in the neighborhood recently rented for $1,895 and $1,995. Potential annual rents of $47,880 with a GRM of 12.43 and Cap Rate of 8.1%! A fantastic investment opportunity. A portfolio of up to 10 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, Varies by Unit
Laundry In Each Unit, Laundry Closet, Washer/Dryer Hookups
Exterior
Exterior Feature Yard Space
Garage Garage, Garage Door Opener
Garage Spaces 4.0
Utilities Available Cable Available, Natural Gas Connected, Electric, Internet Available
Amenities Available See Remarks
Roof Type Tile
Building
Lot Description Auto Sprinkler F&R, Shape Regular, 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 Aldina Real Estate,Inc.
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