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3600 Pride Way - Cannery Park Morada Stockton Executive rental 1 Unit Apartment Building Offered at $618,900 Stockton, CA 95212
Investment Highlights
- 1031 EXCHANGE INVESTOR SICK AND TIRED OF MULTIFAMILY TENANT PROBLEMS
- Right off highway 99 ultra convenient for tenants
- The newest and most sought after area of North Stockton
Executive Summary
Exceptional opportunity in North Stockton's desirable Morada area! Located in the newer Cannery Park community, this two-year-old home
combines contemporary design, energy efficiency, and an unusually large 7,257 sq. ft. lot. The spacious modern kitchen features beautiful
Macaubo Gray quartz countertops, rich neutral flooring, an expansive great room seamlessly leading to the kitchen, Open floor plan w/9ft
ceilings making it very light-filled, upstairs dedicated laundry, versatile loft, generous workspace, and today's sought-after finishes. A highly
desirable downstairs bedroom and FULL bathroom provide excellent flexibility for guests, extended family, or a home office. The expansive lot
offers tremendous outdoor possibilities and potential for future ADU development, subject to City approval and applicable requirements. Even
better - OWNED SOLAR !! Transfers with the property in the sale, giving the new owner the benefits of solar without assuming a solar lease.
Located within the highly regarded Lodi Unified School District and convenient to shopping, Morada Ranch Shopping Center is walking distance
away, services, and major commuter routes right off Highway 99. A unique opportunity for BOTH investors and future owner-occupants! The
property is currently tenant-occupied and leased through May 31, 2027 at $3,250 per month, $ 39,000 in scheduled annual rental income.
Investors can acquire a newer North Stockton home with income already in place, MAY BE A PERFECT FIT FOR A 1031 EXCHANGE INVESTOR
WHO IS TIRED OF MULTIFAMILY TENANCY OWNERSHIP! While future owner-occupants can purchase now, collect rental income during the
remaining lease term and plan for future occupancy following lease expiration, subject to the existing lease and tenant rights. Newer
construction, owned solar, a large 7,257 sq. ft. lot, downstairs bedroom and full bath, quartz kitchen and existing rental income all in Cannery
Park in the desirable Morada area. A combination that's difficult to duplicate! Tenant rights apply. PLEASE DO NOT DISTURB OCCUPANTS.
combines contemporary design, energy efficiency, and an unusually large 7,257 sq. ft. lot. The spacious modern kitchen features beautiful
Macaubo Gray quartz countertops, rich neutral flooring, an expansive great room seamlessly leading to the kitchen, Open floor plan w/9ft
ceilings making it very light-filled, upstairs dedicated laundry, versatile loft, generous workspace, and today's sought-after finishes. A highly
desirable downstairs bedroom and FULL bathroom provide excellent flexibility for guests, extended family, or a home office. The expansive lot
offers tremendous outdoor possibilities and potential for future ADU development, subject to City approval and applicable requirements. Even
better - OWNED SOLAR !! Transfers with the property in the sale, giving the new owner the benefits of solar without assuming a solar lease.
Located within the highly regarded Lodi Unified School District and convenient to shopping, Morada Ranch Shopping Center is walking distance
away, services, and major commuter routes right off Highway 99. A unique opportunity for BOTH investors and future owner-occupants! The
property is currently tenant-occupied and leased through May 31, 2027 at $3,250 per month, $ 39,000 in scheduled annual rental income.
Investors can acquire a newer North Stockton home with income already in place, MAY BE A PERFECT FIT FOR A 1031 EXCHANGE INVESTOR
WHO IS TIRED OF MULTIFAMILY TENANCY OWNERSHIP! While future owner-occupants can purchase now, collect rental income during the
remaining lease term and plan for future occupancy following lease expiration, subject to the existing lease and tenant rights. Newer
construction, owned solar, a large 7,257 sq. ft. lot, downstairs bedroom and full bath, quartz kitchen and existing rental income all in Cannery
Park in the desirable Morada area. A combination that's difficult to duplicate! Tenant rights apply. PLEASE DO NOT DISTURB OCCUPANTS.
Property Facts
| Price | $618,900 | Property Type | Multifamily |
| Price Per Unit | $618,900 | Building Size | 2,388 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 1 | Year Built | 2024 |
| Price | $618,900 |
| Price Per Unit | $618,900 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 1 |
| Property Type | Multifamily |
| Building Size | 2,388 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 1 | - | 2,378 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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3600 Pride Way - Cannery Park Morada Stockton Executive rental