We are pleased to present the Legacy Apartments, a thirty-six (36) unit apartment building with gated parking lot on two (2) contiguous parcels. The Legacy Apartments is a unique opportunity for an investor to acquire a sizable asset located in the Downtown Submarket of Stockton, CA with a strong historical occupancy and solid value add characteristics. Built in 1917, the Legacy Apartments feature twenty (20) studio units, approximately 400 square feet in size, twelve (12) one-bedroom/one-bathroom units, approximately 500 square feet in size, and four (4) two-bedroom/one-bathroom units of various sizes. Building amenities include onsite laundry, a large unique basement, and secure, private parking on its own parcel. Recent capital expenses include exterior paint and dual pane windows. The Legacy Apartments offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market. Do not disturb tenants.
Property Type :
ResidentialIncome
County :
San Joaquin
Style :
ResidentialIncome
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ByOwner last updated this listing 05/09/2024 @ 11:49
MLS: 224042933
LISTED BY: Andrew Hodgson, Colliers Parrish Intenational Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
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