$1,170,000
$1,290,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
0.49 Acres Lot
SOLD DATE : 10/18/2023
Key Details
Sold Price $1,170,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81931280
Sold Date 10/18/23
HOA Y/N No
Year Built 1979
Annual Tax Amount $16,000
Lot Size 0.493 Acres
Property Description
Proud to present a distinctive apartment building consisting of 7 spacious townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. Situated in a quiet cul-de-sac, this property offers numerous amenities such as laundry hook-ups in every unit, detached one-car garages, and additional on-site parking. There are excellent prospects for growth with an opportunity to increase rents and/or the potential for development or expansion on the 21,480 SF lot (buyers to verify potential to expand). This property, built in 1979 with a new roof layer installed in 2021, presents an attractive investment opportunity. This is also one of the few available properties with 5+ units in Stockton, and it is currently the only one available in the northwestern area of the city. Conveniently located near the 5 freeway, University of the Pacific, retail centers, and major employers in the region, this property offers easy access to various amenities.
Location
State CA
County San Joaquin
Area 699 - Not Defined
Zoning R3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 5
Building
Water Public
Schools
School District Lodi Unified
Others
Tax ID 08207014
Financing Other
Special Listing Condition Standard
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Bought with Dung Nguyen • West Coast Selection Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "