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.