This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
4850-4860 Kentfield Rd
Stockton, CA 95207
Home Crest Townhomes · Multifamily Property For Sale
·
37 Units
PROPERTY FACTS
| No. Units | 37 | Lot Size | 1.18 AC |
| Property Type | Multifamily | Building Size | 32,339 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Zoning | N/Av, Stockton | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 32,339 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | N/Av, Stockton |
ABOUT 4850-4860 KENTFIELD RD , STOCKTON, CA 95207
Proforma income is projected at $43,000+ per month which makes this a very attractive opportunity. A little landscaping and paint for curb appeal and the cap rate could go to over 8%. Great value add!! Why wait for the market when the market is now. Sellers have put over $300,000 in Improvements. The property is near 100% occupancy and when a vacancy comes up, it has a tenant almost before the paint dries. This has a great management team that is the very reason for the excellent numbers. Estoppels are in, leases are documented and waiting for a buyer who wants to benefit from an owners hard work. Look at the unit mix, no other property in Stockton has a mix a fantastic as this one. New rent increases are on target for a $39,250 monthly income. Seller's in process of upgrading windows at a cost of $50,000! At $39,250 monthly your proforma hits over 7% cap!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $750.00 | 597 |
| 2+2 | 13 | $900.00 | 777 |
| 3+2 | 13 | $1,038 | 970 |
PROPERTY TAXES
| Parcel Number | 104-110-18 | Improvements Assessment | $1,630,386 |
| Land Assessment | $367,752 | Total Assessment | $1,998,138 |
PROPERTY TAXES
