1608 E 6th St - Apartments FOR SALE


Stockton, CA 95206
$2,500,000 USD
209-832-0679
1608 E 6th St, Stockton, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

1608 E 6th St
Stockton, CA 95206


HIGHLIGHTS

  • Well run Apartment Complex
  • San Joaquin Fair Grounds is a few blocks away
  • Four separate units sitting on almost 2 acres

OVERVIEW

We are ecstatic to present a unique opportunity to own 20 units of the Fairview Apartments off S. Airport Way, a well-established, well run apartment complex with strong historical occupancy. The APNs are as follows: 169-190-210 & 169-190-220. Four separate units sitting on almost 2 acres of sprawling land adjacent to Williams Brotherhood Park, and Merlo Institute of Environmental Technology. The San Joaquin Fair Grounds is a few blocks away, so is the Dorothy L. James Family Resource Center. The units comprise of 8 three-bedroom, one bath, and 12, two-bedroom, one bath units. Outside parking (not designated) is available at a ratio of two per unit with room to roam around including street parking nearby. All the units have a metered electric and gas while the landlord pays for water, sewer and garbage. Recent capital upgrade includes roof improvements. You could assume on the average rents are low with long term tenants in place, but the upside according to Table 2-3 Municipal Code, the allowable density is: 17.5 to 30 units per net acre and 13.2 to 24 dwelling units per gross acre. Please check with City of Stockton for accuracy of information.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

20

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.58 AC

LAND SF

156,102 SF

ZONING

-

APN/PARCEL ID

169-190-21,169-190-22

ASK ABOUT THIS PROPERTY

David OrmondeColdwell Banker Valley CentralMore Info
209-832-0679

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David OrmondeColdwell Banker Valley CentralMore Info
209-832-0679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.