Jessie Espinosa

(209) 652-8112jessie@espinosa.org
    $2,475,000
    For Sale

    623 N Edison Street

    Stockton, CA 95203
    0.17 acres | #224084477
    Browse 62 photos
    Type:Multi-Family
    Structure:Unit
    Zone:Residential

    Description

    Great Opportunity! To own an investment property, close to downtown Stockton with a Cap rate of over 6.8% with opportunity to increase rents. This 22-unit apartment building consists of 3 two bedrooms, 11 one bedrooms, and 8 studios. Property has been completely renovated and most units have tile flooring, dual pane windows, Granite Countertops/New kitchen. Recent improvements include 12 remodeled units 2022/2023 Multiple units with new appliances, All units wall heater maintenance, weatherproofing performed 2022/2023 Multiple units drain lines upgraded to ABS. 2023 Exterior painting of all buildings, metal fence, & railing, 623 N Edison electric panel completely rewired to bring up to code, Newer 270K BTU Commercial water heater & new 100ft 1 1/4 gas pipe to water heater from meter, roof waterproofing, gutters and inspection report available for 627 N Edison. Section of new gutters and downspout installed at 623 N Edison. 2021 new CPVC hot water pipe to 627 N Edison, New wooden staircase 627 N Edison. 2020 new 110 linear feet ABS sewer lines to city main sewer connection. A MUST SEE! See Memorandum attached.

    • Property Details
        • Utility FeaturesNatural Gas Connected, Electric
        • Parking FeaturesOff Street, Covered, Street
        • Cooling FeaturesWall Unit(s), Window Unit(s)
        • Lot DescriptionShape Regular, Sidewalk
        • Property Subtype5 or More Units
        • Property TypeMulti-Family
        • Sewer InformationPublic Sewer
        • CountySan Joaquin
        • MLS #224084477
        • MLS #224084477
        • Cost2475000
        • Acres0.1733
        • Utility SourcePublic
        • FoundationOther
        • Year Built1967
        • ZoningRES
        • Stories2

    Location

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

    Last Updated: . Source: METROLISTMLS

    Listing Courtesy
    Listing Agent: Frank Thornton (#STHORNTT)
    Listing Office: Arriaga Real Estate (#01BENA)

    Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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    10.0%

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    6.0%

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    2.6%
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    Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

    Estimated Monthly Payment
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    Loan Amount
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      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.