980 Indiana Street Woodbridge, CA 95258
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySan Joaquin
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site28 Days
- MLS StatusActive
- MLS ID Number224046397
- Home Size Source N/A
- Year Built1993
- Lot Size1.06 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style RanchContemporaryCottage
- Construction Metal SidingStuccoWood Siding
- Parking GarageVaries by Unit
- Parking Spaces 19
- Electric 220 Volts
- Basement None
- Number of Stories 111
- Acreage 1.06
- Water Public
- Zoning Varies by APN (see attchements for APN printouts
- Cross Street Lower Sacramento Road
- Property Sub Type Multi Family
- Garage Spaces 10
- Utilities Natural Gas Connected
- Foundation RaisedSlab
- Property Condition Updated/ Remodeled
Interior Features
- Cooling CentralVaries by Unit
- Heating CentralVaries by Unit
- Appliances DishwasherVaries By UnitFree Standing Electric Range
- Flooring CarpetLaminateVinylLinoleumVaries by Unit
- Laundry Features Varies by UnitWasher/ Dryer Hookups
- Window Features Dual Pane FullVaries by Unit
Exterior Features
- Roof Composition
- View CityVaries by Unit
- Lot Shape IrregularCurbs/ GuttersLandscape BackLandscape Front
- Patio And Porch Uncovered PatioCovered PatioVaries by Unit
Community Features
- Association Dues 0
- MLS Area 20901