1608 E 6th Street
Stockton, CA 95206
17552 sqft | 1.69 acres | #224107413
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. The APNs are as follows: 169-190-21 & 169-190-22. 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) is 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 includes 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.
Property Details
- Lot DescriptionCurb(s), Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
- AppliancesGas Water Heater, Varies By Unit, Free Standing Electric Range
- Utility FeaturesCable Available, Natural Gas Connected, Electric
- Cooling FeaturesWall Unit(s), Varies by Unit
- Sewer InformationIn & Connected, Public Sewer
- Parking FeaturesOpen, Street, Uncovered
- ZoningResidential High Density
- Property Subtype5 or More Units
- FoundationRaised, Slab
- Property TypeMulti-Family
- Exterior FeaturesFenced Yard
- CountySan Joaquin
- MLS #224107413
- MLS #224107413
- RoofShingle
- Cost2500000
- Utility SourcePublic
- Square Feet17552
- ViewPark
- Acres1.69
- Year Built1941
- Parking Spaces32
- Stories2
Location
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Last Updated:Â . Source: METROLISTMLS
Listing Courtesy
Listing Agent: Frew Tibebu (#DTIBRUFW)
Listing Office: Coldwell Banker Valley Central (#01CBVC01)
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