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721 N Commerce St
Stockton, CA 95202
Turnkey 10-Plex | Pro Forma Cap: 8.19% · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
- Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free
- Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improv
- Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing S
- Modern Upgrades: 9 out of the 10 units have been fully remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contempor
- Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution.
Property Facts
| No. Units | 10 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,589 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Zoning | R3, Stockton - High Density Residential (City of Stockton) | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,589 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R3, Stockton - High Density Residential (City of Stockton) |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 350 - 500 |
| 2+1 | 2 | - | 650 - 750 |
Property Taxes
| Parcel Number | 137-180-39 | Improvements Assessment | $242,716 |
| Land Assessment | $98,063 | Total Assessment | $340,779 |
Property Taxes
Parcel Number
137-180-39
Land Assessment
$98,063
Improvements Assessment
$242,716
Total Assessment
$340,779
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