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$2,600,000

Est. payment - /mo

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1.69 Acres Lot

Active

1608 E 6th ST Stockton, CA 95206

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Desmond Sandy

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

UPDATED:

09/24/2024 10:27 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224107258

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1941

Lot Size 1.690 Acres

Acres 1.69

Property Description

We are ecstatic to present a unique opportunity to own 20 units of the Fairview Apartments off S. Airport Way, a well-established, well run apartment complex with strong historical occupancy. Four separate units sitting on almost 2 acres of sprawling land adjacent to Williams Brotherhood Park, and Merlo Institute of Environmental Technology. The San Joaquin Fair Grounds is a few blocks away, so is the Dorothy L. James Family Resource Center. The units comprise of 8 three-bedroom, one bath, and 12, two-bedroom, one bath units. Outside parking (not designated) s available at a ratio of two per unit with room to roam around including street parking nearby. All the units have a metered electric and gas while the landlord pays for water, sewer and garbage. Recent capital upgrade include roof improvements. You could assume on the average rents are low with long term tenants in place, but the upside according to Table 2-3 Municipal Code, the allowable density is: 17.5 to 30 units per net acre and 13.2 to 24 dwelling units per gross acre. Please check with City of Stockton for accuracy of information.

Location

State CA

County San Joaquin

Area 20801

Direction From S. Airport Way, make a left or a right to East 6th Street.

Location Details Airport Nearby,Neighborhood,Public Transportation Nearby,Freeway Nearby,Shopping Nearby

Interior

Heating Floor Furnace

Cooling Wall Unit(s), Varies by Unit

Flooring Carpet, Vinyl, Wood

Exterior

Garage Open, Street, Uncovered

Utilities Available Cable Available, Internet Available, Master Gas Meter, Master Water Meter

Water Access Desc Public

Roof Type Shingle

Topography Level,Lot Grade Varies

Road Frontage Is Accessible, City Street

Total Parking Spaces 32

Building

Lot Description Sidewalk/Curb/Gutter, Street Lights

Foundation Concrete, Raised

Sewer Sewer Connected, Public Sewer

Water Public

Others

Senior Community No

Tax ID 169-190-21

Special Listing Condition Offer As Is

Listed by Coldwell Banker Valley Central

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925