1142 N Sutter St - Apartments FOR SALE


Stockton, CA 95202- Downtown Stockton
$2,599,999 USD
760-593-8710
1142 N Sutter St, Stockton, CA for Sale
$2,599,999 USD
Apartments - FOR SALE
1/14
null | 5.19% Cap Rate

1142 N Sutter St
Stockton, CA 95202
Downtown Stockton


HIGHLIGHTS

  • Fully Remodeled in 2018
  • Exquisite Finishes Top to Bottom
  • Quality Tenants & Professionally Managed
  • Potential Upside on Rental Income

OVERVIEW

The Sutter Court Apartments is a turn-key 16 unit complex. All units are 1BD/1BA built in 1970 and completely renovated in 2018. The building is comprised of 8,660 square feet on .23 AC. The leased units are getting $1,088- $1,195, plus RUBs and extra parking income. The next owner will enjoy reduced utility expenses and potential upside on rental income due to the overflow of renters from the Bay Area. The building has been completely renovated from top to bottom. You have to come tour to really understand. There is a laundry room on-site with two washers and two dryers. The building exterior and common area is well landscaped and maintained. All of the units have been remodeled with laminate and tile flooring, granite counter tops, up to date appliances, and updated fixtures

FOR SALE DETAILS

PRICE

$2,599,999 USD

PRICE/SF

$300 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

5.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,632 SF

ZONING

CR, Stockton

APN/PARCEL ID

139-194-01

ASK ABOUT THIS PROPERTY

Tai LePR AdvisorsMore Info
760-593-8710

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Tai LePR AdvisorsMore Info
760-593-8710

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.