Property Details
About this Property
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.
MLS Listing Information
MLS #
ME222000193
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Dishwasher, Garbage Disposal, Oven Range - Electric
Flooring
Carpet, Laminate, Linoleum, Varies by Unit
Cooling
Central Forced Air, Separate
Heating
Central Forced Air, Fireplace, Gas - Natural, Separate
Exterior Features
Roof
Tile
Foundation
Slab, Concrete Perimeter and Slab
Style
Contemporary, Flat
Parking, School, and Other Information
Garage/Parking
Access - Interior, Attached Garage, Garage, Gate/Door Opener, Garage: 4 Car(s)
Elementary District
Stockton Unified
High School District
Stockton Unified
Water
Public
HOA Fee
$353
HOA Fee Frequency
Annually
Complex Amenities
None
Zoning
RES
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,349 | 3 | 2/0 | $1,620 |
| 2 | 1,349 | 3 | 2/0 | $1,675 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
5614 Passero Way is a Duplex in Stockton, CA 95207. This 2,697 square foot property sits on a 7,475 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $575,000 and was built in 1977. This address can also be written as 5614 Passero Way, Stockton, CA 95207.
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This listing information is up-to-date as of January 18, 2023. For the most current information, please contact Greg Batchelder, (916) 205-6943
