Address
5614-16 Passero Way Stockton, CA
Price
$ 575,000
Property Attributes
  • ID#222000193
  • TypePending
  • CountySAN JOAQUIN
  • CityStockton
  • Area20704
  • NeighborhoodQUAIL LAKES
  • Zip95207
  • StyleContemporary
  • Price$ 575,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size7,475 SqFt
Listing Provided Courtesy Of:
Greg Batchelder CalBRE# - 01321061 with Lyon RE Folsom
Data Source:
MetroList
Property Description

Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet street, both units have 3 bedrooms, 2 full baths, & a 2-car garage. Both units feature spacious Living Rooms w/ cozy fireplaces, Master Suites, attached garages, & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $39,540. GRM is 14.54 and 6.9% Cap Rate. Similar units in the neighborhood recently rented for $2,095 per month! Potential annual rents of $50,280 with a GRM of 11.44 and 8.74% Cap Rate! A fantastic investment opportunity. A portfolio of up to 11 duplex are available in beautiful centrally located Quail Lakes.

Price History
1/5/2022 Listed $575,000

General Features

Appliances Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
Architectural Style Contemporary
Association Amenities None
Association Fee Includes See Remarks
Association Y/N Yes
Basement None
Carport Spaces 0.00
Construction Materials Ceiling Insulation, Stucco, Frame, Wall Insulation, Wood, Wood Siding
Cooling Separate, Central
Electric 220 Volts
Elementary School District Stockton Unified
Exterior Features Fenced Yard, Yard Space
Flooring Carpet, Laminate, Linoleum, Varies by Unit
Garage Spaces 4.00
HOA Fee 353
HOA Fee Frequency Annually
Heating Central, Separate, Fireplace(s), Natural Gas
High School District Stockton Unified
Interior Features Vaulted Ceiling(s)
Levels One
Lot Size Square Feet 7475.00
MLS Area 20704
Ok to Lease Month To Month
Open Parking Spaces 4.00
Patio/Porch Features Uncovered Patio
Property SubType Duplex
Property Type Residential Income
Roof Tile
School District (county) San Joaquin
Sewer In & Connected
Status Pending Bring Backup
Subdivision Name QUAIL LAKES
Subtype Description Flats, Planned Unit Develop
Total Units 2
Zoning Description RES

Interior Features

Furnished Units None
Laundry Features In Each Unit, Washer/Dryer Hookups
Total Stories 1
Unit 1 # Of Rooms 9
Unit 1 Approx Sqft 1349
Unit 1 Bedrooms 3
Unit 1 Full Baths 2
Unit 1 Rent 1620
Unit 1 Sqft Source Tax Record
Unit 1 Type Flat
Unit 2 # Of Rooms 9
Unit 2 Approx Sqft 1349
Unit 2 Bedrooms 3
Unit 2 Full Baths 2
Unit 2 Sqft Source Tax Record
Unit 2 Type Flat
Unit 3 Bedroom Units Total 2
Window Features Varies by Unit

Exterior Features

Covered Spaces 0.00
Foundation Details Slab
Lot Features Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
Lot Size Acres 0.1716
Lot Size Source Assessor Auto-Fill
Number of Buildings 1
Parking Features Attached, Garage, Garage Door Opener, Interior Access
Total Parking 8.00
Water Source Meter on Site, Public

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

Property vs Pending Average in 95207

Price
AVG $400K
$580K
Visits
AVG 70
15
Year Built
AVG 1969
1977

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