28 S American St - Apartments FOR SALE


Stockton, CA 95202- Downtown Stockton
$1,450,000 USD
916-847-8849
28 S American St, Stockton, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

28 S American St
Stockton, CA 95202
Downtown Stockton


OVERVIEW

Stellar Income, Cash Cow! Performing Asset! 29 units 15,000 Sq.+- Sq.Ft.,plus basement, which is not calculated in the Public Record square footage, that may be, approximately +-, an additional 5,000 Sq.Ft. with approximately 10,000.00+- Sq. Ft.in use, with 29 Units, which according to Seller, are almost 100% occupied, which is Subject To Change, without Notice. Furthermore, at this time, according to Seller, the Approximate Monthly Targeted Income of the Subject Property is projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income, from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft.,of Residential/Store Fronts, contingent upon approval from Stockton Municipality Enforcement Entities, that have jurisdiction regarding aforementioned. Close to shopping, transit, dining, coffee, shops, etc.,coupled with easy, convenient, Freeway access.INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND INCREASE YOUR WEALTH!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

29

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CD-Commercial Downtown

APN/PARCEL ID

149-200-04

ASK ABOUT THIS PROPERTY

JR Burkett DRE #00980402Intrust Properties, Inc. DRE 00997045More Info
916-847-8849

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JR Burkett DRE #00980402Intrust Properties, Inc. DRE 00997045More Info
916-847-8849

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