Colliers Central Valley Investment Team is pleased to present The Gateway Apartments, a 31-unit multifamily asset located at 150 Gateway Court in North Stockton. This well-positioned property offers a strong investment opportunity in a high-demand area just minutes from major retail centers, employment hubs, and top colleges. The unit mix consists entirely of spacious 2- and 3-bedroom layouts across six unique floor plans, complemented by gated parking, secure entries, onsite laundry, and generous common areas.
The Gateway Apartments generate over $40,000 in monthly gross income and offer a solid in-place cap rate of 7.10%. Extensive renovations have been completed in 26 of the 31 units, featuring modern kitchens, updated flooring, and new appliances. With strong cash flow, quality improvements, and a prime North Stockton location, this asset is well-positioned for continued performance and long-term value.
1% procuring broker fee.