S American Street, Stockton, California, 95202

Listed by Intrust Properties, Inc., James Burkett
$1,450,000
0.11 Acres
0 bd
0 ba
#226101871
Not Subject to a 1031 Exchange! Stellar Income, Cash Cow! Performing Asset! 30 Apt units, which includes a separate Managers' Quarters! In addition, 3 street-level floors are approximately, 15,000 +- Sq. Ft., plus a basement, which is not calculated in the Public Record square footage, that may be, approximately +-, an additional 5,000 +- Sq. Ft. with approximately 10,000.00+- Sq. Ft. in use, with 29 Units, which according to Seller, are almost 100% occupied, which is Subject To Change, without Notice. Furthermore, at this time, according to Seller, the Approximate Monthly Targeted Income of the Subject Property is projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income, from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft., of Residential/Store Fronts, contingent upon approval from Stockton Municipality Enforcement Entities, that have jurisdiction regarding aforementioned. Close to shopping, transit, dining, coffee, shops, etc., coupled with easy, convenient, Freeway access. INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND POTENTIALLY INCREASE YOUR WEALTH!

PROPERTY FEATURES

  • Irrigation Source : Public District, None, Other
  • Business Type : Commercial, Other
  • Utilities : Varies by Unit, Other
  • Water Source : Water District, Public, Other
  • Sewer Source : Public Sewer, Other
  • Electric : Primary Electric Meter
  • Location : Professional Complex,Business Park,Public Transportation Nearby,Downtown,Freeway Nearby,Restaurant Nearby,Hospital Nearby,Light Rail Nearby
  • HOA :
  • AssociationFee : 0
  • Parking Features: Street, Uncovered, Other
  • Zoning: CD/Universal Land Use/Stores/Residential
  • Cooling: Varies by Unit, Other
  • Heating : Varies by Unit, Other
  • Construction Materials: Masonry, Brick, Concrete, Other
  • Roof: Tar/Gravel, Other
  • Flooring : Tile, Combo of Materials, Vinyl, Varies by Unit, Other
  • Green Verification Year : 0
PROPERTY DETAILS
ID: 226101871
Status: Active
Price: $1,450,000
Acres: 0.11 Acres
Price Per Acre: $12,630,662
Type: Other
Address: S American Street
City, State: Stockton, California
County: San Joaquin
Zip Code: 95202
Lat/Long: 37.95333, -121.28314
Presented By: James Burkett
Phone:
Email: Click to Contact