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Erik Katz
eXp Realty of California Inc.
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Back on the market, ready to sell, this classic 12-unit apartment building, boasting incredible brickwork and a solid structure with incredible profit potential after renovation. With 5 1bd/1bth and 7 studio apartments, this property offers approximately 6,400 square feet of rental space. The lower/basement level provides an additional 2,000 square feet of prime real estate that's perfectly suited for a retail units or additional storage space. This property is also located in an Opportunity zone, meaning potential for tax-free profits after 10 years. Fire damage on inside, but have a contractor-quoted remodel cost of around $300k, the potential for big returns is within reach. Was in escrow for several months and was not able to close at no fault of seller or property. Don't miss out on this incredible opportunity for multiple-family rehab with big upside!
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Sewer: Public Sewer
Laundry Features: Other
See Remarks
Heating: See Remarks
Cooling: See Remarks
Water Source: Public
Year Built: 1918
Stories: 3
Construction: Brick,Wood
Foundation Details: BrickMortar, Raised, Slab
Foundation Details: BrickMortar, Raised, Slab
Other
Lot Description: Zero Lot Line
Lot Square Feet: 2,344
Stories: 3
Property Type: ResidentialIncome
Sub Type: 5 or More Units
Construction Materials: Brick,Wood
Property Age: 106
Cross Street: Aurora
Source Neighborhood: 20801
Postal Code Plus 4: 2944
Area: Stockton S: 95202
Zoning: IND-NEC
Structure Type: Apartments
Irrigation Source: See Remarks
Listing Id: 224009133
List Price: $459,777
Parcel Number: 151-220-02
None
Association YN : No
Calculated Total Monthly Association Fees : $0
Elementary School District: Stockton Unified
Junior High School District: Stockton Unified
Senior High School District: Stockton Unified
Other
Direction: 1.5 miles east of the intersection of Highway 5 and Highway 4. Closest intersection is with Aurora St. S to the west.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
N Commerce Street, Stockton, CA,95202 | $350,000 | 3 | 2 | 1,575 | -- |
N Center Street, Stockton, CA,95202 | $395,000 | 4 | 3 | 1,773 | -- |
N Center Street, Stockton, CA,95202 | $319,900 | 2 | 2 | 1,436 | -- |
N San Joaquin Street, Stockton, CA,95202 | $250,000 | 3 | 2 | 1,492 | -- |
N California Street, Stockton, CA,95202 | $525,000 | -- | -- | -- | -- |
N California Street, Stockton, CA,95202 | $450,000 | -- | -- | -- | -- |
W Poplar Street, Stockton, CA,95202 | $325,000 | -- | -- | -- | -- |
W Rindge Road, Stockton, CA,95202 | $1,600,000 | -- | -- | -- | -- |
N Center Street, Stockton, CA,95202 | $120,000 | -- | -- | -- | -- |
S Van Allen Road, Stockton, CA,95202 | $2,547,000 | -- | -- | -- | -- |
ByOwner last updated this listing 05/15/2024 @ 16:00
MLS: 224009133
LISTED BY: Erik Katz, eXp Realty of California Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
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.