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28 S American St 29 Unit Apartment Building $1,450,000 ($50,000/Unit) Stockton, CA 95202
INVESTMENT HIGHLIGHTS
- 15,000 sq. ft. plus 5,000 sq. ft. basement (additional development potential).
- Close to shopping, dining, coffee shops, transit, and freeway access.
- Bottom-floor development opportunity for residential or storefronts (approx. 5,000 sq. ft.), pending city approval.
EXECUTIVE SUMMARY
Stellar Income, Cash Cow! Performing Asset! 29 units 15,000 Sq.+- Sq.Ft.,plus 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 INCREASE YOUR WEALTH!
PROPERTY FACTS
| Price | $1,450,000 | Building Class | B |
| Price Per Unit | $50,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 29 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.31/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CD-Commercial Downtown - Commercial Downtown | ||
| Price | $1,450,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 15,000 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CD-Commercial Downtown - Commercial Downtown |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 29 | - | 278 |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 149-200-04 | Improvements Assessment | $511,990 |
| Land Assessment | $108,242 | Total Assessment | $620,232 |
PROPERTY TAXES
Parcel Number
149-200-04
Land Assessment
$108,242
Improvements Assessment
$511,990
Total Assessment
$620,232
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Presented by
Intrust Properties, Inc. DRE 00997045
28 S American St
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