Wonderful opportunity to own a 12 unit 2 Story building in one of the fastest rising rents and most affordable markets in CA. Property has undergone significant renovations to both exterior and interior. 10 of 12 units are fully renovated and at/near market rents, 1 BD (11 units), 2 BD (1 unit). Enjoy great cash flow while still have upside return! Downtown Stockton which has been designated as one of the opportunity zones in CA, potentially defer or eliminate federal taxes on capital gains (Buyers to verify). Gated lot with on site parking, along with plenty of street parking. Currently there are two units that are being renovated and vacant, owner will lease them out prior to closing.
|LAST UPDATED||12/17/2018||YEAR BUILT||1974|
|COMMUNITY||Stockton Central||COUNTY||San Joaquin|
|STATUS||Active||PROPERTY TYPE(S)||Commercial Multi-Residential (5+ units)|
|ADDITIONAL LISTING INFO||Not Applicable|
|COOLING||Window / Wall Unit|
|FLOORING||Laminate, Vinyl / Linoleum|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|LISTING SERVICE||Full Service|
|METERS||Master Water, Separate Electric, Separate Gas|
|NUMBER OF BUILDINGS||1|
|ROOF||Flat / Low Pitch|
|SEWER SEPTIC||Sewer Connected|
|SUBCLASS||Five or More Units|
|UTILITIES||Individual Electric Meters, Individual Gas Meters|
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