721 N Commerce St - Apartments FOR SALE


Stockton, CA 95202
$1,199,000 USD
209-461-6400
721 N Commerce St, Stockton, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/12
null | 5.76% Cap Rate

721 N Commerce St
Stockton, CA 95202


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.

OVERVIEW

Presenting an outstanding investment opportunity at 721 N. Commerce St., Stockton, CA. This 10-unit apartment complex consists of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. The property features dual-pane windows, providing enhanced energy efficiency and noise reduction, as well as a durable concrete driveway, ensuring long-term, low-maintenance use. Additional amenities include both covered and uncovered parking, a common area laundry room, and a remote-controlled security gate for added safety. With current rents below market value, there is significant potential for value-add improvements. Stockton’s growing demand for quality rental housing indicates a consistent flow of prospective tenants, making this investment an excellent choice for generating steady rental income with low vacancy rates.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

10

PRICE/UNIT

$119,900

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 10-Plex | Pro Forma Cap: 8.19%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R3, Stockton

APN/PARCEL ID

137-180-39

ASK ABOUT THIS PROPERTY

Andy Le, M.B.A.First Commercial Real EstateMore Info
209-461-6400

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Andy Le, M.B.A.First Commercial Real EstateMore Info
209-461-6400

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