3600 Pride Way - Multi-Family FOR SALE


Stockton, CA 95212- Valley Oak
$618,900 USD
916-730-3846
3600 Pride Way, Stockton, CA for Sale
$618,900 USD
Multi-Family - FOR SALE
1/40
null | Request Cap Rate

3600 Pride Way
Stockton, CA 95212
Valley Oak


HIGHLIGHTS

  • 1031 EXCHANGE INVESTOR SICK AND TIRED OF MULTIFAMILY TENANT PROBLEMS
  • The newest and most sought after area of North Stockton
  • Right off highway 99 ultra convenient for tenants

OVERVIEW

Exceptional opportunity in North Stockton's desirable Morada area! Located in the newer Cannery Park community, this two-year-old home combines contemporary design, energy efficiency, and an unusually large 7,257 sq. ft. lot. The spacious modern kitchen features beautiful Macaubo Gray quartz countertops, rich neutral flooring, an expansive great room seamlessly leading to the kitchen, Open floor plan w/9ft ceilings making it very light-filled, upstairs dedicated laundry, versatile loft, generous workspace, and today's sought-after finishes. A highly desirable downstairs bedroom and FULL bathroom provide excellent flexibility for guests, extended family, or a home office. The expansive lot offers tremendous outdoor possibilities and potential for future ADU development, subject to City approval and applicable requirements. Even better - OWNED SOLAR !! Transfers with the property in the sale, giving the new owner the benefits of solar without assuming a solar lease. Located within the highly regarded Lodi Unified School District and convenient to shopping, Morada Ranch Shopping Center is walking distance away, services, and major commuter routes right off Highway 99. A unique opportunity for BOTH investors and future owner-occupants! The property is currently tenant-occupied and leased through May 31, 2027 at $3,250 per month, $ 39,000 in scheduled annual rental income. Investors can acquire a newer North Stockton home with income already in place, MAY BE A PERFECT FIT FOR A 1031 EXCHANGE INVESTOR WHO IS TIRED OF MULTIFAMILY TENANCY OWNERSHIP! While future owner-occupants can purchase now, collect rental income during the remaining lease term and plan for future occupancy following lease expiration, subject to the existing lease and tenant rights. Newer construction, owned solar, a large 7,257 sq. ft. lot, downstairs bedroom and full bath, quartz kitchen and existing rental income all in Cannery Park in the desirable Morada area. A combination that's difficult to duplicate! Tenant rights apply. PLEASE DO NOT DISTURB OCCUPANTS.

FOR SALE DETAILS

PRICE

$618,900 USD

PRICE/SF

$259 USD /SF

# OF UNITS

1

PRICE/UNIT

$618,900

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cannery Park Morada Stockton Executive rental

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

122-260-32

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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

Ron BenningRon BenningMore Info
916-730-3846

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