0.12 acres | #NDP2405921
Description
6.2% Cap Rate! Welcome to the ultimate investment opportunity at 315 1/2 E Elm St, Lodi, CA 95240! This stunning 6-unit residential income property recently renovated, offers a prime location and comfortable amenities designed for a comfort living. Each of the six units is comprised of one bedroom and one bathroom between 250-300 square feet, featuring engineered wood flooring, brand new kitchens and baths with all new appliances, and contemporary fixtures. The property's exterior shines with fresh paint, a newly repaired roof, and new dual-pane windows. Security is top-notch with an automatic iron gate, new security wood fence, and six 24/7 surveillance cameras. Additional income is generated by the on-site laundry room, newly built and fully equipped. The beautiful Arizona-style landscaping, two-tone stamped concrete, and decorative exterior rocks enhance the curb appeal. Each unit is fitted with individual electrical meters, split heater and AC systems, redesigned floor plans, granite shower kits, and stone doorsteps. The extensive renovations, completed with architect plans, permits, and city inspections, ensure a hassle-free investment with long-term value. Lodi, renowned as a gem of California's wine country, offers an unparalleled living experience. The city boasts over 85 award-winning wineries, providing endless opportunities for wine tasting and vineyard tours. Residents and visitors alike can enjoy a variety of outdoor activities, including peaceful paddles on Lodi Lake, scenic bike rides through the vineyards, and exploring the Micke Grove Regional Park, which features a zoo, Japanese garden, and historical museum?. Lodi’s vibrant downtown area offers an array of dining, shopping, and entertainment options. Cultural attractions like the Hill House Museum and World of Wonders Science Museum add to the city's charm, while events at Hutchins Street Square provide a lively community atmosphere?. Drive by the property, located off N Washington St between Locust St & E. Elm St, to see this remarkable investment opportunity for yourself. Don't miss out on owning a turnkey, income-generating property in one of California's most charming cities. Call today to learn more!
Property Details
- Property SubtypeResidentialIncome
- Lot DescriptionItem610UnitsAcre
- Property TypeMulti-Family
- CountySan Joaquin
- Utility SourceSeeRemarks
- Original List Price$1,295,000
- MLS #NDP2405921
- MLS #NDP2405921
- Cost1125000
- Acres0.1171
- Sewer InformationOther
- Year Built1947
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ava Khamooshi (#102508)
Listing Office: AK Broker (#16383)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
