Homes for sale - 625 N Commerce ST, Stockton, CA 95202

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Steve Gillis

stevegillis106@gmail.com +1(916) 303-6420

$ 1,687,500

Est. payment | -/mo

7,368 SqFt

Save

$ 1,687,500

Est. payment | -/mo

Save

7,368 SqFt

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

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1961

Lot Size 0.344 Acres

Acres 0.3444

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

Direction Take Exit 66A off of HWY 4 onto N. El Dorado Street. Continue on N. El Dorado Street for half a mile and then take a left onto Park Street. Turn left onto N. Commerce Street. The property will be on your right.

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

Water Access Desc Meter on Site

Total Parking Spaces 8

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

Senior Community No

Tax ID 137-190-12

Special Listing Condition None

Listed by Colliers Parrish Intenational Inc.

Helping real estate be simple, fun and stress-free!

+1(916) 303-6420

stevegillis106@gmail.com

1891 East Roseville Pky

625 N Commerce ST Stockton, CA 95202