Jessie Espinosa

(209) 652-8112jessie@espinosa.org
    $1,687,500
    For Sale

    625 N Commerce Street

    Stockton, CA 95202
    7368 sqft | 0.34 acres | #224133269
    Browse 12 photos
    Type:Multi-Family
    Structure:Unit
    Zone:Residential

    Description

    The Commerce Street Apartments are a 15-unit complex nestled in Stockton's desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with north of a 6% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen (14) are 1bedroom, 1bathroom units, approximately 462 square feet and one (1) 3bedroom, 2bathroom units, approximately 900 square feet. Located near the corner of W. Oak Street and N. Commerce Street, the Commerce Street Apartments are less than 100 yards away from the Adventist Health Arena (home to many professional sports teams), a short walk to Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Stockton's well known Downtown Waterfront entertainment district. Do Not Disturb Tenants.

    • Property Details
        • Utility FeaturesNatural Gas Connected, Cable Connected, City, Electric
        • Cooling FeaturesCeiling Fan(s), Central, Wall Unit(s), See Remarks
        • Parking FeaturesStreet, Uncovered, See Remarks
        • ZoningHigh Density Residential
        • Property Subtype5 or More Units
        • Utility SourceMeter on Site
        • Property TypeMulti-Family
        • Sewer InformationSee Remarks
        • CountySan Joaquin
        • MLS #224133269
        • MLS #224133269
        • Cost1687500
        • Acres0.3444
        • FoundationRaised
        • Square Feet7368
        • Year Built1961
        • Stories2
        • Parking Spaces8

    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.

    Listing Courtesy
    Listing Agent: Andy Hodgson (#DANDYHDS)
    Listing Office: Colliers Parrish Intenational Inc. (#01CLRS01)

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

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    Loan Amount
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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.