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311 S Laurel St 7 Unit Apartment Building $963,872 CAD ($137,696 CAD/Unit) 7% Cap Rate Stockton, CA 95205
EXECUTIVE SUMMARY
• Seven unit multi-family investment opportunity
• Two buildings: a single story duplex and a two story house with five units.
• Good Income Producing Property
• Upside in Rental Income – Most Units are below Market Rents
• Attractive Cap Rate – Estimated around 7.5% of Current Rents & Expenses Estimated Proforma Rents & Expenses around 8%
• Large Parcel Size for potential on site parking, storage or possible Additional Dwelling Unit (ADU)
• Two buildings: a single story duplex and a two story house with five units.
• Good Income Producing Property
• Upside in Rental Income – Most Units are below Market Rents
• Attractive Cap Rate – Estimated around 7.5% of Current Rents & Expenses Estimated Proforma Rents & Expenses around 8%
• Large Parcel Size for potential on site parking, storage or possible Additional Dwelling Unit (ADU)
PROPERTY FACTS
| Price | $963,872 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $137,696 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7% | Building Size | 4,290 SF |
| Gross Rent Multiplier | 8.98 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM | ||
| Price | $963,872 CAD |
| Price Per Unit | $137,696 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 8.98 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,290 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.86/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 155-210-16 | Improvements Assessment | $523,801 CAD |
| Land Assessment | $207,632 CAD | Total Assessment | $731,433 CAD |
PROPERTY TAXES
Parcel Number
155-210-16
Land Assessment
$207,632 CAD
Improvements Assessment
$523,801 CAD
Total Assessment
$731,433 CAD
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311 S Laurel St
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