2517 Plantation Place, Stockton, CA 95209, Stockton, 95209 - 6 bed, 3 bath
ACTIVE$625,000$2,000/sqft
2517 Plantation Place, Stockton, CA 95209
6Beds
3Baths
2,000Sqft
7,322Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This triplex is explicitly marketed as an 'Exceptional investment opportunity' with a 'Residential Income' property type, indicating its primary value as a cash-flowing asset.
Top Cons:
Age of Property: Built in 1980, the property is over 40 years old, which may imply potential for future maintenance or upgrades to major systems (e.g., roof, HVAC, plumbing, electrical) compared to newer constructions.
Compared to the nearby listings
Price:$625.0K vs avg $579.5K (+$45,500)75%
Size:2,000 sqft vs avg 1,000 sqft50%
Price/sqft:$312 vs avg $9675%
More Insights
Built in 1980 (46 years old).
Condition: The property was built in 1980, making it 44 years old. While the listing mentions significant updates such as 'granite countertops in kitchens and bathrooms' and 'double-pane windows,' which are positive indicators of maintenance and modernization, the overall age suggests that other major systems (e.g., HVAC, plumbing, electrical) may be original or have been updated 15-30 years ago. The provided image is a street view and does not offer interior details to fully assess the condition of all components. Therefore, it likely requires minor updates or repairs beyond the mentioned features, aligning with a 'Fair' condition.
Year Built
1980
Close
-
List price
$625K
Original List price
-
Price/Sqft
$313
HOA
$0
Days on market
-
Sold On
-
MLS number
226000891
Home ConditionFair
Features
View-
About this home
Exceptional investment opportunity to own a fully occupied triplex with great tenants and strong rental income. Tenants pay for water and trash. Property features double-pane windows, garages, ample driveway parking, granite countertops in kitchens and bathrooms, and more.
D
Daniel Davis
Listing Agent
Nearby schools
3/10
Creekside Elementary School
Public,•PK-6•0.4mi
3/10
Wagner-Holt Elementary School
Public,•PK-6•0.6mi
1/10
Delta Sierra Middle School
Public,•7-8•0.2mi
1/10
Henderson
Public,•7-8•4.9mi
5/10
Bear Creek High School
Public,•9-12•1.1mi
Price History
Date
Event
Price
11/24/97
Sold
$2,000
08/07/12
Sold
$165,000
04/30/12
Sold
$100,500
Condition Rating
Fair
The property was built in 1980, making it 44 years old. While the listing mentions significant updates such as 'granite countertops in kitchens and bathrooms' and 'double-pane windows,' which are positive indicators of maintenance and modernization, the overall age suggests that other major systems (e.g., HVAC, plumbing, electrical) may be original or have been updated 15-30 years ago. The provided image is a street view and does not offer interior details to fully assess the condition of all components. Therefore, it likely requires minor updates or repairs beyond the mentioned features, aligning with a 'Fair' condition.
Pros & Cons
Pros
Strong Investment Opportunity: This triplex is explicitly marketed as an 'Exceptional investment opportunity' with a 'Residential Income' property type, indicating its primary value as a cash-flowing asset.
Fully Occupied with Strong Rental Income: The property is 'fully occupied with great tenants and strong rental income,' ensuring immediate cash flow and minimizing vacancy risk for a new owner.
Reduced Landlord Expenses: Tenants are responsible for water and trash expenses, significantly reducing the landlord's operating costs and increasing net income.
Desirable Tenant Amenities & Upgrades: The property features valuable amenities such as double-pane windows for energy efficiency, individual garages, ample driveway parking, and modern granite countertops in kitchens and bathrooms, enhancing tenant appeal and retention.
Multi-Unit Property Type: As a triplex, it offers diversification of income streams compared to single-family rentals, providing greater stability for an investor.
Cons
Age of Property: Built in 1980, the property is over 40 years old, which may imply potential for future maintenance or upgrades to major systems (e.g., roof, HVAC, plumbing, electrical) compared to newer constructions.
Mixed School District Ratings: The presence of two middle schools (Henderson and Delta Sierra) with a rating of 1 could be a deterrent for prospective tenants or future buyers with school-aged children, potentially limiting the tenant pool.
Limited Unit-Specific Details: The description provides aggregate information (6 beds, 3 baths, 2000 sqft) but lacks specific details on the layout, size, and bedroom/bathroom count for each individual unit, which is crucial for an investor to fully assess rental potential and unit appeal.