220 E Elm ST, Lodi, CA 95240
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220 E Elm ST, Lodi, CA 95240
220 E Elm ST, Lodi, CA 95240
220 E Elm ST, Lodi, CA 95240
220 E Elm ST, Lodi, CA 95240
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Cecilia Serpa-Makiewicz

Cecilia Serpa-Makiewicz

+1(209) 617-9027
$ 875,000
Est. payment /mo
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Pending

220 E Elm ST Lodi, CA 95240

4,982 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,982 sqft

Price per Sqft $175

MLS Listing ID 226031072

HOA Y/N No

Year Built 1969

Lot Size 5,998 Sqft

Acres 0.1377

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

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.

Location

State CA

County San Joaquin

Area 20901

Direction N Washington to E Elm St.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 1088 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 1471 SqFt Source: Not Measured Unit-2 Approx SqFt: 1088 Bedrooms: 2 Full Baths: 1 Rent: 1471 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 1088 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 1461 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 630 Bedrooms: 1 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1342 SqFt Source: Not Measured

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall Unit(s), Window Unit(s)

Flooring Carpet, Vinyl

Laundry Coin Operated

Exterior

Parking Features Covered

Utilities Available Cable Available, Sewer Connected, Natural Gas Connected

Water Access Desc Meter on Site

Total Parking Spaces 6

Building

Lot Description Corner, Sidewalk

Story 2

Foundation Concrete

Sewer Public Sewer

Water Meter on Site

Architectural Style Contemporary

Level or Stories One

Schools

Elementary Schools Lodi Unified

Middle Schools Lodi Unified

High Schools Lodi Unified

School District San Joaquin

Others

Senior Community No

Tax ID 043-073-03

Special Listing Condition None

MetroList® Services, Inc
Listed by Michael A. De Ruosi III

Nearby Locations

Cecilia Serpa-Makiewicz

Cecilia Serpa-Makiewicz

Agent | License ID: 01982464

+1(209) 617-9027

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220 E Elm ST