2944 Peachtree Drive 2, Stockton, CA 95203, Stockton, 95203 - 2 bed, 1 bath
ACTIVE$150,000$840/sqft
2944 Peachtree Drive 2, Stockton, CA 95203
2Beds
1Bath
840Sqft
475Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey Investment Opportunity: The property is currently tenant-occupied with a reliable renter in place, offering immediate income and a fantastic turnkey investment for portfolio expansion.
Top Cons:
High Monthly Association Fee: The $325 monthly association fee is substantial for an 840 sqft condo, potentially impacting cash flow for investors and overall affordability.
Compared to the nearby listings
Price:$150.0K vs avg $130.0K (+$20,000)86%
Size:840 sqft vs avg 840 sqft50%
Price/sqft:$179 vs avg $15186%
More Insights
Built in 1970 (56 years old).
Condition: Built in 1970, this property is over 50 years old. While the exterior appears maintained, there's no indication of recent major renovations. The description mentions a 'functional kitchen' and that it's a 'turnkey investment' with a reliable tenant, suggesting it's currently livable. However, the listing also notes that it 'may require updates to systems, finishes, and appliances to meet modern standards,' which aligns with the 'Fair' category's requirement for minor updates due to age and outdated components, rather than significant defects or being unlivable.
Year Built
1970
Close
-
List price
$150K
Original List price
-
Price/Sqft
$179
HOA
$325
Days on market
-
Sold On
-
MLS number
225067038
Home ConditionFair
Features
Deck
View-
About this home
2-Bedroom Investment Opportunity! Welcome to this 2-bedroom, 1-bathroom condo just steps from one of the area's largest parks. This 2-story unit offers a smart layout with a spacious living area, a functional kitchen and a convenient location near freeway for commuters. Both bedrooms are well-sized and feature large closets, while the full bathroom is conveniently located between them. The unit includes a designated shared garage/driveway space and on-site laundry facilities for added convenience. Currently tenant-occupied with a reliable renter in place, this property presents a fantastic turnkey investment opportunity. Whether you're an investor looking to expand your portfolio or a future homeowner with flexible move-in plans, this condo offers great value in a sought-after location.
A
Anna Liza Hancock
Listing Agent
Nearby schools
5/10
Commodore Stockton Skills School
Public,•K-8•0.7mi
2/10
Hoover Elementary School
Public,•K-8•0.7mi
4/10
Tyler Skills Elementary School
Public,•K-8•1.5mi
2/10
Stagg Senior High School
Public,•5-12•2.0mi
Price History
Date
Event
Price
10/17/08
Sold
$31,000
Condition Rating
Fair
Built in 1970, this property is over 50 years old. While the exterior appears maintained, there's no indication of recent major renovations. The description mentions a 'functional kitchen' and that it's a 'turnkey investment' with a reliable tenant, suggesting it's currently livable. However, the listing also notes that it 'may require updates to systems, finishes, and appliances to meet modern standards,' which aligns with the 'Fair' category's requirement for minor updates due to age and outdated components, rather than significant defects or being unlivable.
Pros & Cons
Pros
Turnkey Investment Opportunity: The property is currently tenant-occupied with a reliable renter in place, offering immediate income and a fantastic turnkey investment for portfolio expansion.
Prime Location: Strategically located just steps from one of the area's largest parks and conveniently near the freeway, appealing to both residents and commuters.
Affordable Price Point: Listed at $150,000, this condo presents an accessible entry point for investors or first-time homebuyers in the Stockton market.
Practical On-Site Amenities: Includes a designated shared garage/driveway space and on-site laundry facilities, adding significant convenience for residents.
Functional Layout: The 2-story unit features a smart layout with a spacious living area and well-sized bedrooms, maximizing the use of its 840 sqft.
Cons
High Monthly Association Fee: The $325 monthly association fee is substantial for an 840 sqft condo, potentially impacting cash flow for investors and overall affordability.
Older Construction: Built in 1970, the property may require updates to systems, finishes, and appliances to meet modern standards, incurring future capital expenditures.
Limited Bathroom Count: With only one bathroom for a two-bedroom unit, it may not cater to all buyer preferences, particularly families or those seeking more convenience.