3140-3150 Belvedere Ave - Apartments FOR SALE


Stockton, CA 95205
$899,000 USD
209-401-9085
3140-3150 Belvedere Ave, Stockton, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/6
null | 6.91% Cap Rate

3140-3150 Belvedere Ave
Stockton, CA 95205


HIGHLIGHTS

  • Situated at the Corner of Belvedere Avenue and Wilson Way
  • Located in a Strong Rental Market
  • Leased Billboard for Additional Income
  • Some Units Have Been Remodeled
  • Located in Stockton’s Opportunity Zone

OVERVIEW

3140 & 3150 Belvedere Avenue enjoys two separate buildings on the one parcel, and has a billboard on the site leased out to a local billboard company. 3140 Belvedere Avenue - The building is a 3-bedroom, 1-bath single family home, comprising of approximately 1,100 square feet. The home has private and secure parking and a fenced yard. 3150 Belvedere Avenue - The building is comprised of 7 apartment units, all of which are 1-bedroom, 1-bath units. Each unit is approximately 500 square feet, and 4 of the 7 units have recently been remodeled. The remodel included such upgrades as; new flooring, new paint, new ceiling fans, new baseboards, etc. All units are separately metered for gas and electric. On-site Billboard - Right on the corner of 3150 Belvedere Avenue and Wilson Way, the site has a double-face, 6 x 12 foot billboard. The billboard is leased to Anchor Billboards for a period of 6 years, expiring in 2027. Anchor Billboards is a local, Stockton-based company that offers a variety of advertising throughout the California Central Valley.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,375

CAP RATE

6.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Low Density Residential

APN/PARCEL ID

119-043-33

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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