11010 Saratoga Road
Submitted · Availability confirmed
Property facts
- Property type
- Large Multifamily (5+ units)
- Condition
- Turnkey
- Occupancy
- Owner Occupied
- Strategy
- Rental
- Close by
- Not provided
- Est. monthly rent
- $41,000
- Est. monthly expenses
- Not provided
- Bedrooms
- 58
- Bathrooms
- 58
Deal details
Prime 58-Unit Freehold Residential Block – Stockton-on-Tees An exceptional, fully let freehold investment opportunity comprising 58 self-contained apartments set within an established residential location in Stockton-on-Tees. Key Highlights: Asset Composition: U-shaped development featuring 15 studio apartments, 42 one-bedroom apartments, and 1 two-bedroom apartment. Recent Refurbishment: Extensively refurbished in 2023, offering modern fitted kitchens, contemporary bathrooms, and minimized immediate capital expenditure. Strong Financials: 100% occupied under Assured Shorthold Tenancies generating a total gross income of £378,780 per annum (11.14% gross yield), with an Estimated Rental Value (ERV) of ~£420,000 pa. On-Site Amenities: Landscaped central communal courtyard, 13 on-site parking spaces, secure bicycle storage, and communal laundry facilities. Location & Connectivity: Situated within a strong rental demand area just a 6-minute walk (0.2 miles) to Stockton Railway Station, offering excellent road and public transport links across Teesside and the wider North East
Location
11010 Saratoga Road, Apple Valley, CA 92308
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