1217 E Harding Way - Apartments FOR SALE


Stockton, CA 95205- East Stockton
$709,000 USD
916-730-3846
1217 E Harding Way, Stockton, CA for Sale
$709,000 USD
Apartments - FOR SALE
1/17
null | 6.52% Cap Rate

1217 E Harding Way
Stockton, CA 95205
East Stockton


HIGHLIGHTS

  • New Roof
  • Tenants pay like clockwork
  • Market Rents

OVERVIEW

Outstanding high–cash-flow investment opportunity on a large lot. This well-located income property offers three separate rental units with strong in-place income and immediate upside for investors seeking positive day-one cash flow. The property includes a detached single-family residence at 1506 Berkeley Ave (Unit A) featuring 3 bedrooms, 2 bathrooms, and approximately 1,000 sq ft. Additionally, the two-story building at 1217 E. Harding Ave consists of a lower unit (Unit B) with 2 bedrooms, 2 bathrooms, and approximately 780 sq ft, plus a separately rented upper-level studio, creating multiple income streams on one parcel. Recent improvements include a new roof, reducing near-term capital expenses. The property is occupied by reliable, long-term tenants who pay on time, supporting consistent cash flow. Additional amenities include a private yard and a 1-car garage, further enhancing tenant appeal and retention. Centrally located near shopping, public transportation, and major commuter routes, this property is well-positioned for sustained rental demand. Current scheduled gross income is $63,600 annually, resulting in a GRM of approximately 11.14. With strong in-place rents, multiple units, and favorable metrics, this property is well-suited to deliver positive cash flow from day one under most financing scenarios. Listing Courtesy of Rajesh Jindal Compass Lic #02073243

FOR SALE DETAILS

PRICE

$709,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

3

PRICE/UNIT

$236,333

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrific Triplex with Cash Flow!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-2

APN/PARCEL ID

117-185-02

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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