MULTI-FAMILY SPACE - SALE PENDING: 3554 Sunny Rd, Stockton, CA 95215
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Colliers International is pleased to present the Sunny Road Homes. This property presents a unique investment opportunity in the thriving multifamily market in Stockton, California.
The Sunny Road Homes is comprised of eleven 2-bedroom, 1-bath homes and a single family home that sits at the front of the property with 3-bedrooms, 3-bathrooms and over 1,100 square feet of living space. The large home also has a photovoltaic solar system, an in-ground pool, and a two-car garage. The other eleven homes each have an attached one-car garage. Tenants at the Sunny Road Homes live with pride of ownership – they each have their own home with updated interiors, backyard space, and central heat and air. Beyond that, the location offers commuters easy access Highway 99, the main corridor throughout the San Joaquin Valley.
This is a product type that is in low supply in the San Joaquin County. Due to the separate homes, investors will benefit from a higher rental rate per square foot, separate utili
Sale Note
# of units: 12
Price per unit: $145,833
Price per SF: $167
Current Cap Rate: 5.15%
Proforma Cap Rate: 6.11%
Colliers International is pleased to present the Sunny Road Homes. This property presents a unique investment opportunity in the thriving multifamily market in Stockton, California.
The Sunny Road Homes is comprised of eleven 2-bedroom, 1-bath homes and a single family home that sits at the front of the property with 3-bedrooms, 3-bathrooms and over 1,100 square feet of living space. The large home also has a photovoltaic solar system, an in-ground pool, and a two-car garage. The other eleven homes each have an attached one-car garage. Tenants at the Sunny Road Homes live with pride of ownership – they each have their own home with updated interiors, backyard space, and central heat and air. Beyond that, the location offers commuters easy access Highway 99, the main corridor throughout the San Joaquin Valley.
This is a product type that is in low supply in the San Joaquin County. Due to the separate homes, investors will benefit from a higher rental rate per square foot, separate utili
Sale Note
# of units: 12
Price per unit: $145,833
Price per SF: $167
Current Cap Rate: 5.15%
Proforma Cap Rate: 6.11%
