625 N Commerce ST new Save Request In-Person Tour Request Virtual Tour
Stockton,CA 95202
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $229
MLS Listing ID 224133269
Year Built 1961
Lot Size 0.344 Acres
Property Description
The Commerce Street Apartments are a 15-unit complex nestled in Stockton's desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with north of a 6% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen (14) are 1bedroom, 1bathroom units, approximately 462 square feet and one (1) 3bedroom, 2bathroom units, approximately 900 square feet. Located near the corner of W. Oak Street and N. Commerce Street, the Commerce Street Apartments are less than 100 yards away from the Adventist Health Arena (home to many professional sports teams), a short walk to Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Stockton's well known Downtown Waterfront entertainment district. Do Not Disturb Tenants.
Location
State CA
County San Joaquin
Area 20701
Interior
Heating Central,Wall Furnace,See Remarks
Cooling Ceiling Fan(s),Central,Wall Unit(s),See Remarks
Flooring Carpet,Vinyl
Laundry Other
Exterior
Parking Features Street,Uncovered,See Remarks
Utilities Available Natural Gas Connected,Cable Connected,City,Electric
Building
Lot Description None
Story 2
Foundation Raised
Sewer See Remarks
Water Meter on Site
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Special Listing Condition None