$1,950,000
For Sale

901 S Cherokee Lane

Lodi, CA 95240
Browse 13 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

Great Investment Opportunity! This exceptional mixed-use corridor property, located in one of Lodi's busiest business districts, offers unparalleled visibility and access in an extremely high-traffic area. Boasting nearly an acre of land, this income-generating property features 9 units in total, plus a business front and a coin-operated shared laundry, providing excellent extra income potential. Additionally, the property includes 8 single-car garages/storage units, offering even more rental income opportunities. Zoned for mixed-use, it is ideally suited for a wide range of commercial or residential uses, making it a versatile investment opportunity with the potential for increased income. The prime location offers easy access to Highway 99, ensuring high accessibility for customers, clients, or residents, and is just a short distance from downtown Lodi, placing it in the heart of the city's vibrant business community. With the possibility of favorable financing terms, including the option for the seller to carry the note with 50% down payment, this property is an even more attractive investment opportunity. Don't miss the chance to capitalize on this high-potential property in a growing area with significant development opportunities.

  • Property Details
      • Parking FeaturesGarage, Uncovered, Other
      • ZoningMCO Mix use Corridor
      • Property Subtype5 or More Units
      • Lot DescriptionCorner, Other
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • CountySan Joaquin
      • MLS #224127999
      • MLS #224127999
      • Cost1950000
      • Parking TypeGarage
      • Utility SourcePublic
      • Cooling FeaturesOther
      • FoundationOther
      • Utility FeaturesOther
      • Acres0.96
      • Stories1
      • Parking Spaces8

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

Estimated Monthly Payment
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Loan Amount
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