721 N Commerce St - Apartments FOR SALE
Stockton, CA 95202 |
721 N Commerce St
Stockton, CA 95202
HIGHLIGHTS
- Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
- Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing S
- Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free
- Modern Upgrades: 9 out of the 10 units have been fully remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contempor
- Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improv
- Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution.
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Turnkey 10-Plex | Pro Forma Cap: 8.19%
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5589
STORIES
2
YEAR BUILT
1970
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
137-180-39
