List Search

721 N Commerce St
Stockton, CA 95202

$1,199,000 USD

Apartments For Sale  •  5,589 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,589 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 5.76 %
  • Zoning R3, Stockton
52 Transit Score
86 Walk Score

Highlights

Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing S
Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free
Modern Upgrades: 9 out of the 10 units have been fully remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contempor
Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improv
Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution.

Property Flyers

Cap Rate: 5.76 %

Amenities

  • Air Conditioning
  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Stockton (Altamont Corridor Express - Altamont Commuter Express (ACE)) 3 min - 1.1 mi
Stockton (San Joaquins - Amtrak) 3 min - 1.4 mi
AirportDriveWalkDistance
Stockton Metro 12 min - 6.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Andy Le, M.B.A. 209-461-6400 First Commercial Real Estate
Andy Le, M.B.A. 209-461-6400 First Commercial Real Estate