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Home For Sale

Picture of Home For Sale in Stockton, California, United States

$725,000

145 W Flora St
Stockton, California, United States

Listed By: Realtyww Info

Listed On: 07/30/2025

Listing ID: GL11821521 View More Details

Description

9% Cap Rate! Cash cow, High Income-Producing property! $90, 000 annual Income. Very low maintenance and expenses. Energy efficient HVAC, appliances, windows and ceiling fans. This beautiful Victorian 6Plex has one 2bed/1bath unit, four 1bed/1bath units and one studio. Five of six units are rented. The 6th unit will be rented within two weeks to make the building fully occupied. COMPLETELY RENOVATED in 2024: High-quality appliances (Samsung stove/oven, ductless split system HVAC w/Bluetooth, dual pane windows, Trex decking, interior and exterior paint, wood-pattern vinyl plank flooring, large format tile, kitchen counters, vinyl siding, updated roof, Kraus kitchen sinks w/ retractable faucet nozzle, ceiling fan/lights with Bluetooth, motion sensor exterior lights, outdoor space for tenants to enjoy pictures, cabinets, sinks, toilets and bidet. New electric and plumbing. New individual gas and electric meters installed and all city inspections passed. Ample parking on the big corner lot. $$$$$$ No need to use your income or credit to qualify for a loan. A Debt Service Coverage Ratio (DSCR) Mortgage where income generated by the property is used to qualify for the loan - NOT the income and credit report of the investor - is an option. Close to parks, shopping, freeway and Miracle Mile.

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Listed by: Olympia Hostler
Source: The World Property Journal

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