Listed by Jagjit Singh, (408) 832-8200 from Simple Brokerage Inc.
(If provided) CoList: from
Sold listing courtesy of Katrina Dew from SKAE01
Turnkey, cash-flowing TRIPLEX in Stockton - priced to sell! Welcome to 1727 N Rhode Island Ave, a fully remodeled triplex generating $3,880/month in total rents and offered at just $388,000 - an ~8.33 GRM and ~12% gross rent yield. Unit mix is noted as APT A: 1 Bed/1Bath with $1380/month Rent, APT B - Studio with $1120/month Rent, And APT C is 1Bed/1Bath with $1380/month Rent with a Total of =$3880/month - a great setup for steady tenant demand. There's also a Separate Laundry with Washer and Dryer. All Tenants have been living in the property for more than a Year + Lease Agreements are currently monthly as well. A strong fit for investors looking for immediate income with a clean, updated asset that's easy to own. Do not disturb tenants. Showings by appointment only. Buyer to verify unit count, rent roll, expenses, and all property details.
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