221 E Sonora St - Apartments FOR SALE


Stockton, CA 95203- Seaport
$1,000,000 USD
916-508-9556
221 E Sonora St, Stockton, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

221 E Sonora St
Stockton, CA 95203
Seaport


HIGHLIGHTS

  • Immediate value add upside with all tenants on month to month leases and well below market rents
  • Proven renter demand supported by a central Stockton location near I 5, Hwy 99, retail, transit, and employment centers
  • Stabilized occupancy in a desirable one bedroom heavy unit mix with the ability to immediately lease the one vacant unit at market rate

OVERVIEW

eXp Commercial is pleased to present this 10 unit multifamily apartment complex located at 221 E Sonora Street in Stockton, CA. The property consists of 9 one bedroom one bathroom units and 1 studio unit. All tenants are currently month to month, allowing for immediate repositioning of rents and interior upgrades. Current rents are well below market, creating a strong value add opportunity and clear pathway for increased revenue. Located near Downtown Stockton with convenient access to I 5 and Hwy 99, the property benefits from proximity to major employment centers, shopping, dining, public transit, and daily services. This location supports long term occupancy and solid leasing demand. This asset is well suited for investors pursuing a stabilized building that provides cash flow today with meaningful upside available through renovation and improved lease structures. Please inquire for additional information.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

10

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,948 SF

ZONING

-

APN/PARCEL ID

149-065-12

ASK ABOUT THIS PROPERTY

Jon BiaseXp CommercialMore Info
916-508-9556

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Jon BiaseXp CommercialMore Info
916-508-9556

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