9304 Fox Creek DrStockton, CA 95210

Property Details for 9304 Fox Creek Dr

Year built

1980

Lot size

0.15 AC

Property size (Sq ft)

2,239 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a well-maintained, stabilized duplex located at 9304 Fox Creek Dr, Stockton, CA 95210. The property, built in 1980 and renovated in 2017, boasts a total of 2,239 square feet on a 0.148-acre lot. Each of the two units offers three bedrooms and two bathrooms, featuring desirable amenities such as dual-pane windows, stucco exterior, and fenced rear yards. The property includes four parking spaces (two per unit). Currently operating at 100% occupancy, the duplex generates a substantial net operating income (NOI) of $33,530, resulting in a compelling 6.03% cap rate. Recent upgrades include new air conditioners, water heaters, and gutters. The asking price is $549,999, representing a strong value in the current market. The property is zoned R2-A and situated within the Lodi Unified School District. Tenants are on a housing voucher program, providing a high degree of rent security. A pest inspection and whole-house inspection are available. The current monthly rents are $2000 and $1980, with tenants paying all utilities. The gross scheduled income is $47,760, with a GRM of approximately 11.51. A proforma cap rate of 6.25% is projected based on current expenses and anticipated taxes. This property offers a secure and profitable investment opportunity with significant upside potential. The APN is 090-120-40. This is a fee simple ownership.

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

38.0341

Longitude

-121.281

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