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$1,199,000

Est. payment - /mo

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5,589 SqFt

Active

721 N Commerce ST Stockton, CA 95202

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

09/16/2024 11:05 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,589 sqft

Price per Sqft $214

MLS Listing ID 224103950

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1970

Lot Size 7,501 Sqft

Acres 0.1722

Property Description

Presenting an outstanding investment opportunity at 721 N. Commerce St., Stockton, CA. This 10-unit apartment complex consists of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. The property features dual-pane windows, providing enhanced energy efficiency and noise reduction, as well as a durable concrete driveway, ensuring long-term, low-maintenance use. Additional amenities include both covered and uncovered parking, a common area laundry room, and a remote-controlled security gate for added safety. With current rents below market value, there is significant potential for value-add improvements. Stockton's growing demand for quality rental housing indicates a consistent flow of prospective tenants, making this investment an excellent choice for generating steady rental income with low vacancy rates.The apartment complex at 721 N. Commerce St., Stockton, CA, offers an exceptional investment opportunity in a prime downtown location. Situated within the Stockton Unified School District, the property appeals to families prioritizing access to quality education. The surrounding area is a vibrant hub of retail, dining, and entertainment, featuring popular destinations like Stockton Arena, Regal Cinemas, and the San Joaquin County Library.

Location

State CA

County San Joaquin

Area 20701

Direction Head northwest on I-5 N. Take exit 473 toward University of the Pacific / Pershing Ave. Turn right onto W Flora St. Turn right onto N Orange St. Turn left at the second cross street onto W Oak St. Turn left onto N Commerce St.

Interior

Heating Other

Cooling Other

Flooring Other

Window Features Dual Pane Full

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Garage Covered, Street, Uncovered, Other

Utilities Available Internet Available, Other

Water Access Desc Other

Total Parking Spaces 8

Building

Lot Description Private

Story 2

Foundation Other

Sewer Other

Water Other

Level or Stories Two

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 137-180-39

Special Listing Condition Offer As Is

Listed by KPD Real Estate & Advisory Services, Inc.

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925