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2150 Michael Avenue, Stockton, CA 95206, Stockton, 95206 - bed, bath

2150 Michael Avenue, Stockton, CA 95206 home-pic-0
ACTIVE$474,900/sqft
2150 Michael Avenue, Stockton, CA 95206
0Bed
0Bath
Sqft
9,400Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Opportunity: Explicitly marketed as an 'Investor Opportunity' offering 'strong cash flow and long-term upside,' this duplex is a 'turnkey asset with immediate income' supported by 'low operating expenses and stable tenant base'.
Top Cons:
Partial Cooling System: Only the top unit is equipped with AC, leaving the bottom unit without a dedicated cooling system, which could be a significant drawback for tenant comfort during warmer months in Stockton.

Compared to the nearby listings

Price:$474.9K vs avg $292.5K (+$182,400)75%
Size: sqft vs avg 1,016 sqft25%
Price/sqft:$0 vs avg $8050%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this duplex shows its age. While some cosmetic updates like laminate flooring and grey kitchen cabinets in one unit are present, the kitchens feature older appliances (white gas ranges, older refrigerators) and basic fixtures. Bathrooms are functional but dated, with basic vanities and shower setups. The second unit's kitchen and bathrooms are more consistently outdated. Major systems are likely older, and while the property appears maintained and livable, it requires minor to moderate updates to modernize the kitchens and bathrooms and address potential future capital expenditures on older systems.
Year Built
1951
Close
-
List price
$475K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
NDP2507551
Home ConditionFair
Features
Patio
View-

About this home

Investor Opportunity – 2150 Michael Ave, Stockton, CA Discover a duplex offering strong cash flow and long-term upside in one of Stockton’s established residential neighborhoods. With two separate units under one roof, this property is ideal for investors seeking a turnkey asset with immediate income. Each unit features its own private entrance, kitchen, living space, making the property well-suited for flexible rental strategies or multi-generational housing. Outside, you’ll find a private yard for each unit and plenty of parking. Each unit has its own gas, water, and electric meter. The bottom unit features 3 bedrooms, 1 bathroom, dining room, laminate flooring and private back yard and garage. The top unit has 2 bedrooms, 1 bathroom, AC, and a large back yard. The low operating expenses and stable tenant base enhance its appeal as a hassle-free addition to any portfolio. Situated near schools, shopping, and major transportation routes, this duplex benefits from consistent rental demand and local market growth. Whether you're a first-time investor or a seasoned buyer looking to expand, 2150 Michael Ave offers the right combination of stability, efficiency, and potential.

E
Efrain Chacon
Listing Agent

Price History

Date
Event
Price
05/03/22
Sold
$400,000
09/30/09
Sold
$55,000
Condition Rating
Fair
Built in 1951, this duplex shows its age. While some cosmetic updates like laminate flooring and grey kitchen cabinets in one unit are present, the kitchens feature older appliances (white gas ranges, older refrigerators) and basic fixtures. Bathrooms are functional but dated, with basic vanities and shower setups. The second unit's kitchen and bathrooms are more consistently outdated. Major systems are likely older, and while the property appears maintained and livable, it requires minor to moderate updates to modernize the kitchens and bathrooms and address potential future capital expenditures on older systems.
Pros & Cons

Pros

Strong Investment Opportunity: Explicitly marketed as an 'Investor Opportunity' offering 'strong cash flow and long-term upside,' this duplex is a 'turnkey asset with immediate income' supported by 'low operating expenses and stable tenant base'.
Independent Utilities & Entrances: Each unit benefits from its own private entrance, kitchen, living space, and separate gas, water, and electric meters, providing autonomy for tenants and simplifying utility management for the landlord.
Desirable Unit Configuration & Amenities: The property offers a versatile 3-bedroom/1-bathroom unit and a 2-bedroom/1-bathroom unit, each with private yards and ample parking, catering to diverse rental needs. The bottom unit also includes a garage.
Established Location with Rental Demand: Situated in an 'established residential neighborhood' near schools, shopping, and major transportation routes, the property benefits from 'consistent rental demand and local market growth' in Stockton.
Duplex Structure with Flexibility: As a duplex, it provides two income streams under one roof, allowing for flexible rental strategies, multi-generational housing, and diversifying investment risk.

Cons

Partial Cooling System: Only the top unit is equipped with AC, leaving the bottom unit without a dedicated cooling system, which could be a significant drawback for tenant comfort during warmer months in Stockton.
Age of Property (1951): Built in 1951, the property is over 70 years old, suggesting that major systems (e.g., plumbing, electrical, roof) may be original or older, potentially requiring significant capital expenditures for updates or replacements in the near future.
Limited Modernization Details: While laminate flooring is mentioned in one unit, the description lacks comprehensive details on recent modernizations or upgrades to kitchens, bathrooms, or other key areas across both units, which might be necessary to maximize rental appeal and value for a property of this age.
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