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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $289
Subdivision Fox Creek
MLS Listing ID 225018195
Sold Date 04/02/25
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1981
Lot Size 7,087 Sqft
Acres 0.1627
Property Sub-Type Duplex
Property Description
A fantastic investment opportunity! This property is a solid investment with a lot of potential! both sides got remodeled in January 2025 with water resistant laminated flooring, new granite countertops, dish washer, showers, dual pane windows (varies in each unit) and interior paint. With each unit having 2 bedrooms, 2 bathrooms, and a 2-car garage, it's great for families or tenants. The fact that one unit is already rented for $1500 on a month-to-month basis gives you a baseline for rental income. Based on Rentormeter evaluation the average rent within 2 miles radius is $1966, Median $2100. 25th Percentile is $16,37 and 75th percentile is at $2294 per month. Being in the Lodi School District is a desirable for families and renters. It's in the proximity to a shopping center, school and easy access to Highway 99. This adds a great convenience for homeowners and tenants. This duplex will likely generate a steady and long-term passive income.
Location
State CA
County San Joaquin
Area 20705
Direction From Hammer Lane go towards North/Lodi. Right one Morada lane then right on Fox Creek then left on Chelmsford way. No Sign in front of the property.
Interior
Heating Central
Cooling Ceiling Fan(s), Central
Flooring Tile, Laminate
Window Features Dual Pane Partial,Window Coverings,Varies by Unit
Appliance Dishwasher, Disposal, Free Standing Electric Oven
Laundry Washer/Dryer Hookups
Exterior
Exterior Feature Fenced Yard, Yard Space
Parking Features Attached
Utilities Available City
Water Access Desc Public
Roof Type Tile
Porch Uncovered Patio
Total Parking Spaces 4
Building
Lot Description Shape Regular, Curbs/Gutters, Sidewalk
Story 1
Foundation Slab
Sewer In & Connected, Public Sewer
Water Public
Architectural Style A-Frame
Schools
Elementary Schools Lodi Unified
Middle Schools Lodi Unified
High Schools Lodi Unified
School District San Joaquin
Others
Senior Community No
Tax ID 090-130-03
Special Listing Condition Offer As Is, None
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Bought with Approved Real Estate Group
