9304 Fox Creek Dr Stockton, CA 95210
- Commercial real estate
- 2,239 SF
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 9304 Fox Creek Dr
- Year built
- 1980
- Lot size
- 0.15 lot acres
- Property size
- 2,239 SF
- Property type
- Commercial real estate
- APN
- 090-120-40
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.28145220227
- Latitude
- 38.034144815141
