933 N Madison Street,Stockton, CA 95202
Stockton, CA 95202
Description
Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details.
Details
| MLS # | ML82013341 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1917 |
| Days On Site | 12 |
| Listing Provided By | Real Brokerage Technologies | Helen Chong |
Features
| SQ Feet | 6,208 |
|---|---|
| Building(s) | 2 |
| Zoning | Multi |
| Acreage | 0.11 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|
Taxes
| Property | 12499 |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | San Joaquin |
| City | Stockton |
| Zip Code | 95202 |
| Area | 699 Not Defined |
| School District | Other |
 | $1,000,000740 W Willow StreetStockton, CA 95203 |