220 E Elm St, Lodi, CA 95240

5 Units. x4 2BD/1BA. x1 1BD/1BA. Current Cap Rate ~7.6%. Pro Forma Cap Rate ~9.2%. 100% Occupancy. This investment property is just one block from Main Street in the heart of Downtown Lodi. The property consists of four spacious two-bedroom, one-bath units of approximately 1,100 square feet each with large, condo-style layouts, plus one one-bedroom, one-bath unit w/ coin operated laundry facilities on-site. Clean, well-maintained building with long-term tenants providing stable occupancy. Rents are currently below market, creating clear upside potential through future rent adjustments. Prime walkable location near Downtown Lodi's shops, restaurants, wine bars, nightlife, and entertainment. Rent roll and expense sheets available upon request or attached to MLS listing. Income and expense figures reflect the current owner's operation of the property.