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227 W Poplar Street, Stockton, CA

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227 W Poplar Street

Stockton, CA 95203-2566 - Seaport MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1974
Stories:2 Building Size:5,800 SF Land Area:.23 AC (10,001 SF)
For Sale Price:$625,000 Price/Unit:$52,083.33 Cap Rate:7.49 % GRM:-

Parking:2.06 Parking Spaces / 1,000 SF

Sale Notes:
227 West Poplar Street, in Stockton, CA is a two-story twelve-unit multi-family building comprised of twelve one-bedroom/one-bathroom units and has an on-site parking space per unit and an on-site coin operated laundry room that provides additional income.

227 West Poplar Street is a great value for only $107.76 a square foot and $52,083 per unit at a price of $625,000, which offers new prospective investors the potential realize near a double-digit CAP Rate and Cash on Cash return. As current rents are below market rate, the new owner of 227 West Poplar Street is poised to experience the positive outcome of increasing rents.

Marcus & Millichap Inc
Daniel Maldonado
(415) 625-2199

Jon Holmquist
(415) 625-2117

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