980 Indiana Street
980 Indiana Street
$1,800,000
9
4
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Description
Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.8 MILLION. Total Current income is $173,400 With a current GRM of 10.38! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft....Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.8 MILLION. Total Current income is $173,400 With a current GRM of 10.38! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large Tradesman Shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. The shop also has a large fence in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. At full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a GRM in the high 8's!
- Listed by Ron Benning • DRE #01058898 • eXp Realty of California Inc
- Listed by Shawn R. Mileham • DRE #01271371 • eXp Realty of California Inc.
Property Details for 980 Indiana Street
Parking Features
Garage, Varies by Unit
Architectural StyleRanch, Contemporary, Cottage
ZoningVaries by APN (see attchements for APN printouts
View DescriptionCity, Varies by Unit
Location
LISTING UPDATED: 05/30/2024 06:48 PM
Property Details for 980 Indiana Street
Status | Active |
---|---|
MLS # | 224046397 |
Days on Compass | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1993 |
Lot Size | 1.06 AC / 46,173 SF |
County | San Joaquin County |
Location
Building Information for 980 Indiana Street
Stories1Residences8Year Built1993Building Size-Lot Size1.06 AC / 46,173 SF
Payment Calculator
$10,220 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 980 Indiana Street
Property History for 980 Indiana Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 980 Indiana Street
Taxable ValueLand$111,550Additions$206,369Total$317,919
Tax Record2023$4,767 ($397 / month)
Home Facts
Baths2Total Finished SqFt2,283 SqFtAbove Grade Finished SqFt2,283 SqFtStories1Lot Size10,650 SqFtStyleDuplexYear Built1993ZoningRCountySAN JOAQUINAPN015-160-040-000
Schools near 980 Indiana Street
This home is within Lodi Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Woodbridge School PublicK to 6 | ||
Millswood Middle School Public7 to 8 | ||
Lodi High School Public9 to 12 | ||
Liberty High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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