3140-3150 Belvedere Ave - Apartments FOR SALE


Stockton, CA 95205- August
$899,000 USD
209-401-9085
3140-3150 Belvedere Ave, Stockton, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/8
null | 6.88% Cap Rate

3140-3150 Belvedere Ave
Stockton, CA 95205
August


HIGHLIGHTS

  • Situated at the Corner of Belvedere Avenue and Wilson Way
  • Located in a Strong Rental Market
  • Leased Billboard for Additional Income
  • Some Units Have Been Remodeled
  • Located in Stockton’s Opportunity Zone

OVERVIEW

The Offering Colliers' Central Valley Investment Team is proud to present 3140 & 3150 Belvedere Avenue, located in the bustling Central Valley’s city of Stockton, California. This offering presents investors with a well-located, 3-bedroom, single family resident and a 7-unit apartment complex, all situated on one parcel. Stockton enjoys an increasing population along with increasing rents, providing an investor with the opportunity to increase value in this strong rental market. The Properties 3140 & 3150 Belvedere Avenue enjoys two separate buildings on the one parcel, and has a billboard on the site leased out to a local billboard company. 3140 Belvedere Avenue - The building is a 3-bedroom, 1-bath single family home, comprising of approximately 1,100 square feet. The home has private and secure parking and a fenced yard. 3150 Belvedere Avenue - The building is comprised of 7 apartment units, all of which are 1-bedroom, 1-bath units. Each unit is approximately 500 square feet, and 4 of the 7 units have recently been remodeled. The remodel included such upgrades as; new flooring, new paint, new ceiling fans, new baseboards, etc. All units are separately metered for gas and electric. On-site Billboard - Right on the corner of 3150 Belvedere Avenue and Wilson Way, the site has a double-face, 6 x 12 foot billboard. The billboard is leased to Anchor Billboards for a period of 6 years, expiring in 2027. Anchor Billboards is a local, Stockton-based company that offers a variety of advertising throughout the California Central Valley.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,375

CAP RATE

6.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Belvedere Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Low Density Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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