Investors Delight. Updated & Well Maintained State Inspected Legal 4FAMILY with Certificate on File located in the Heart of Lodi. Fully Rented property features two 2BR and two 1BR Apartments. All Separate Utilities. Updated Kitchens & Baths. Misc Income includes Coin Op Laundry @ $40/mth. Gross Annual Income = $75,300. Annual Expenses = $24,300 (Taxes: $15,000...Insurance: $2,900... Water: $1,300...Misc: $5,100). Net Annual Income = $51,000. CAP Rate = 8%. Great ROI. Positive Cash Flow. Conveniently located near major highways, trains, buses, airports, schools, parks, dining and shopping. Hurry, this one won't last!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
