Property Attributes
- MLS#224046397
- TypeIncome
- CountySAN JOAQUIN
- CityWoodbridge
- AreaWoodbridge
- Zip95258
- StyleRanch,Contemporary,Cottage
- Price$ 1,700,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Lot Size1.06 Acres
Data Source:
MetroList MLS
Property Description
Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.7 MILLION. Total Current income is $173,400 With a current GRM of 9.8! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large Tradesman Shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. The shop also has a large fence in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. At full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a GRM in the high 8's!
Price History | |
---|---|
5/3/2024 | Listed $1,900,000 |
5/22/2024 | 3% - $1,850,000 |
5/31/2024 | 3% - $1,800,000 |
6/11/2024 | 3% - $1,750,000 |
6/20/2024 | 3% - $1,700,000 |
General Features
Sewer | In & Connected |
---|---|
Heating | Central,Varies by Unit |
Cooling | Central,Varies by Unit |
Utilities | Natural Gas Connected,Electric |
Roof | Composition |
Appliances | Dishwasher,Varies By Unit,Free Standing Electric Range |
Unit 4 Rent | 2000 |
Unit 2 Rent | 2000 |
Unit 3 Rent | 2385 |
Unit 1 Rent | 2000 |
Garage Spaces | 10.0 |
Patio/Porch Features | Uncovered Patio,Covered Patio,Varies by Unit |
Architectural Style | Ranch,Contemporary,Cottage |
Construction Materials | Metal Siding,Stucco,Wood,Wood Siding |
Year Built | 1993 |
Electric | 220 Volts |
Tenant Pays | Electricity,Gas |
View | City,Varies by Unit |
Stories | 1 |
Topography | Level |
Levels | One |
Loading | Delivery Door |
Property SubType | 5 or More Units |
Accessibility | None |
County | San Joaquin |
Property Type | ResidentialIncome |
HOA / Comm Assn | No |
Close Price | 0.0 |
Status | Active |
Directions | from 99 or 5 Take Turner Road to Lower Sacramento Road and then Left onto Indiana Street |
City | Woodbridge |
Buyer Agent Compensation | 2 |
High School District | Lodi Unified |
Zoning Description | Varies by APN (see attchements for APN printouts |
Open Parking Spaces | 8.0 |
NumberOfUnitsTotal | 8 |
MLS Area | 20901 |
Lot Size Square Feet | 46174.0 |
Carport Spaces | 1.0 |
Property Condition | Updated/Remodeled,Varies by Unit |
Ok to Lease | Lease/Month to Month Mix |
Standard Status | Active |
Middle/Junior School District | Lodi Unified |
Elementary School District | Lodi Unified |
Year Built Source | Assessor Agent-Fill |
UnitTypeCommercialUnitsTotal | 1 |
Buyer Agent Compensation Type | Percent |
Interior Features
Basement | None |
---|---|
Flooring | Carpet,Laminate,Vinyl,Linoleum,Varies by Unit |
Total Stories | 1 |
Unit 1 Full Baths | 1 |
Unit 2 Full Baths | 1 |
Unit 3 Full Baths | 1 |
Unit1Bedrooms | 2 |
Unit2Bedrooms | 2 |
Unit3Bedrooms | 3 |
Unit4Bedrooms | 2 |
Window Features | Dual Pane Full,Varies by Unit |
OtherUnits | Detached Cottage,Office(s) |
Laundry Features | Varies by Unit,Washer/Dryer Hookups |
Unit 2 Bedroom Units Total | 6 |
Unit 3 Bedroom Units Total | 1 |
UnitTypeStudioUnitsTotal | 1 |
Exterior Features
Parking Features | Garage,Varies by Unit |
---|---|
Lot Features | Shape Irregular,Curbs/Gutters,Landscape Back,Landscape Front |
Water Source | Public |
Total Parking | 19.0 |
Foundation Details | Raised,Slab |
Number of Buildings | 6 |
Lot Dimensions | See APN Printouts |
Lot Size Acres | 1.06 |
Lot Size Source | Verified |
Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool