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1807 Quail Lakes DR Stockton, CA 95207
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Key Details
Sold Price $599,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Quail Oaks
MLS Listing ID 222086121
Sold Date 09/26/22
HOA Fees $30/ann
HOA Y/N Yes
Year Built 1978
Lot Size 8,699 Sqft
Acres 0.1997
Property Sub-Type Duplex
Source MLS Metrolist
Property Description
Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a beautiful tree lined street, one unit has 3 bedrooms, 2 full baths, & a 2-car garage. The other unit has 2 bedrooms, 2 full baths, & a 2-car garage. Both units 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 $45,840. GRM is 13.8 & 7.24% Cap Rate. Similar units in the neighborhood recently rented for $2,095 & $1,995 per month! Potential annual rents of $49,080 with a GRM of 12.9 and 7.75% Cap Rate! A fantastic investment opportunity.
Location
State CA
County San Joaquin
Area 20704
Direction From I5, Exit March Lane East, to LEFT on Quail Lakes Drive, to LEFT on Passero Way to address on the corner of Quail Lakes Drive & Passero Way.
Rooms
Basement None
Interior
Interior Features Formal Entry, Vaulted Ceiling(s)
Heating Central, Separate, Natural Gas
Cooling Separate, Central
Flooring Carpet, Laminate, Linoleum, Varies by Unit
Window Features Window Coverings
Appliance Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
Laundry In Each Unit, Washer/Dryer Hookups
Exterior
Parking Features Attached, Side-by-Side, Garage
Garage Spaces 4.0
Utilities Available Cable Available, Natural Gas Connected, Electric, Internet Available
Amenities Available None
Water Access Desc Meter on Site,Public
Roof Type Tile
Topography Level
Porch Covered Deck, Uncovered Patio
Total Parking Spaces 8
Building
Lot Description Auto Sprinkler F&R, Corner, Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
Story 1
Foundation Slab
Sewer In & Connected
Water Meter on Site, Public
Architectural Style Contemporary
Level or Stories One
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 108-050-01
Special Listing Condition None
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Bought with eXp Realty of California Inc.