PROPERTY DESCRIPTION

6.2% Cap Rate! Welcome to the ultimate investment opportunity at 315 1/2 E Elm St, Lodi, CA 95240! This stunning 6-unit residential income property recently renovated, offers a prime location and comfortable amenities designed for a comfort living. Each of the six units is comprised of one bedroom and one bathroom between 250-300 square feet, featuring engineered wood flooring, brand new kitchens and baths with all new appliances, and contemporary fixtures. The property's exterior shines with fresh paint, a newly repaired roof, and new dual-pane windows. Security is top-notch with an automatic iron gate, new security wood fence, and six 24/7 surveillance cameras. Additional income is generated by the on-site laundry room, newly built and fully equipped. The beautiful Arizona-style landscaping, two-tone stamped concrete, and decorative exterior rocks enhance the curb appeal. Each unit is fitted with individual electrical meters, split heater and AC systems, redesigned floor plans, granite shower kits, and stone doorsteps. The extensive renovations, completed with architect plans, permits, and city inspections, ensure a hassle-free investment with long-term value. Lodi, renowned as a gem of California's wine country, offers an unparalleled living experience. The city boasts over 85 award-winning wineries, providing endless opportunities for wine tasting and vineyard tours. Residents and visitors alike can enjoy a variety of outdoor activities, including peaceful paddles on Lodi Lake, scenic bike rides through the vineyards, and exploring the Micke Grove Regional Park, which features a zoo, Japanese garden, and historical museum?. Lodi's vibrant downtown area offers an array of dining, shopping, and entertainment options. Cultural attractions like the Hill House Museum and World of Wonders Science Museum add to the city's charm, while events at Hutchins Street Square provide a lively community atmosphere?. Drive by the property, located off N Washington St between Locust St & E. Elm St, to see this remarkable investment opportunity for yourself. Don't miss out on owning a turnkey, income-generating property in one of California's most charming cities. Call today to learn more!