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215 Coventry Dr 4 Unit Apartment Building $745,000 ($186,250/Unit) 7.50% Cap Rate Stockton, CA 95207



Executive Summary
Rare 4 Plex Townhouse style units. Total Building size is 4,508 square feet. 2 units have approx.1,050 SF, 2 bedrooms, 1.5 baths & private patio, and 2 units have approx. 1,225 square feet, 3 Beds, 2.5 Baths, & private patios with abundant storage cabinets & closets, kitchen with dining space, and central HVAC systems. Tile floors downstairs and upstairs bathrooms, bedrooms & bathrooms have Wood Type Laminate. Fresh exterior paint, off street parking w/5reserved spaces in parking lot, and double pane windows installed in 2012. Within walking distance are laundromat, grocery store, city park, school bus stop, & public bus linking to downtown, Weberstown shops & Delta Community College. All units have below market rents, occupied by long-term tenants with good income, presenting stable income from rent, plus possible income from a potential laundry room. This property offers an ideal investment opportunity with significant potential for upside cashflow.
Property Facts In Escrow
| Price | $745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.50% | Building Size | 4,508 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R-3, Stockton | ||
| Price | $745,000 |
| Price Per Unit | $186,250 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,508 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-3, Stockton |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+2 | 2 | - | - |
1 1
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 104-110-10 | Improvements Assessment | $101,848 |
| Land Assessment | $38,432 | Total Assessment | $140,280 |
Property Taxes
Parcel Number
104-110-10
Land Assessment
$38,432
Improvements Assessment
$101,848
Total Assessment
$140,280
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215 Coventry Dr
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