895 E. Augusta Street Woodbridge Ca 595 E Augusta St 2 Unit Apartment Building $584,950 ($292,475/Unit) 6.44% Cap Rate Woodbridge, CA 95258

You have, as the front unit, a completely remodeled " down to the studs" front 2 bedroom 1 1/2 bath 1,108 sq foot house that is very tastefully done, and in the back of the parcel, you have a 5-year-old ADU 1-bedroom one-bath home with a huge ceiling and beautiful as the front home! Nicely landscaped for extremely low maintenance.
Look at the listing and the attached pictures! The long-term owner lives in the front home, and the back unit is vacant, so both units will be vacant upon the close of escrow. You will be able to place tenants immediately at the full 75th-percentile MARKET RENT! That will show you $ 53,160 in gross annual income! Because the parcel, the landscape, the buildings inside and out are basically brand spanking new, you will see very little to NO serious maintenance COST issues for years to come if managed properly! Both buildings have full solar attached! The back unit is bought and paid for and transfers with the sale, and the front unit is still leased and transferable in the sale. Roofs are basically brand new, HVAC, PLUMBING, ELECTRICAL, ALL NEW! This property will bring you fantastic income and equity much larger than anywhere else in the Woodbridge/Lodi area! THIS IS A HIGHLY SOUGHT AFTER LOCATION FOR FAMILIES TO LIVE!
Here is a more succinct description of this fantastic opportunity.
Spectacular 2 homes on 1 lot!! The front home is a 2-bedroom, 1-1/2-bath. Large living room flowing into a spacious kitchen with quartz counters, soft-close shaker cabinets, an eating bar & a farmhouse sink. Inside the laundry. Plantation shutters across the front of the home. The living room and all bedrooms have ceiling fans & a whole-house fan. Tankless hot water heater & leased solar. LVP throughout the home. The 2nd home (ADU) is a 1-bedroom & 1-bath home with 9-foot ceilings & an open-concept Kitchen & Living room, with LVP throughout. Whole-house fan. Kitchen has a shaker cabinet & quartz counters, & a farmhouse sink. The bedroom & living room have ceiling fans & mini-split units for heating & cooling. Inside laundry closet for stack washer & dryer. ADU is all-electric & has paid-for solar on the roof. A Large yard between the front home and the back ADU. which includes numerous fruit trees, Red-haven Peach, Doughnut Peach, Flavor-top Nectarine, Santa Rosa Plum & Haricot Apricot. 8 X 12 tough shed & a small metal shed included for outdoor storage. Auto drip in the front yard. Auto drip in some areas of the backyard. The front of the home was taken to the studs, approximately. 6 years ago & ADU was built approx. 5 years ago.
See the attached monthly cash flow analysis I prepared! Come on now! Where are you going to combine all these fantastic elements in a small multifamily investment property??? 11.0 GRM AND A 6.44% CAP RATE ON DAY ONE!! $. 11.0 GRM! HARDLY ANYTHING IS CLOSING ESCROW IN THE CATEGORY OF THIS AWESOME PLACE WITH A GRM THAT LOW IN THE ENTIRE STATE OF CALIFORNIA! I HAVE SPOKEN WITH THE OWNERSHIP, AND THEY HAVE PUT THIS OUT FOR SALE WITH A VERY AGGRESSIVE PRICE POINT! A DEAL IS WAITING TO BE HAD, AND I CAN DAMN WELL MAKE THIS GREAT ONE WITH YOU! CALL, TEXT ME ASAP ON THIS BABY!
WITH 25% DOWN-PAYMENT, $ 146,237.50 BRINGS THIS ONE TO YOUR PORTFOLIO!
Listing courtesy of Beth Latta Century 21 Select Real Estate
Lic:01912741