Great Opportunity! To own an investment property, close to downtown Stockton with a Cap rate of over 6.8% with opportunity to increase rents. This 22-unit apartment building consists of 3 two bedrooms, 11 one bedrooms, and 8 studios. Property has been completely renovated and most units have tile flooring, dual pane windows, Granite Countertops/New kitchen. Recent improvements include 12 remodeled units 2022/2023 Multiple units with new appliances, All units wall heater maintenance, weatherproofing performed 2022/2023 Multiple units drain lines upgraded to ABS. 2023 Exterior painting of all buildings, metal fence, & railing, 623 N Edison electric panel completely rewired to bring up to code, Newer 270K BTU Commercial water heater & new 100ft 1 1/4 gas pipe to water heater from meter, roof waterproofing, gutters and inspection report available for 627 N Edison. Section of new gutters and downspout installed at 623 N Edison. 2021 new CPVC hot water pipe to 627 N Edison, New wooden staircase 627 N Edison. 2020 new 110 linear feet ABS sewer lines to city main sewer connection. A MUST SEE! See Memorandum attached.
MLS #
ME224084477
MLS Source
MetroList Services, Inc.
Days on Site
91
Appliances
Other
Flooring
Tile
Cooling
Window/Wall Unit
Heating
Wall Furnace
Foundation
Other
Garage/Parking
Covered Parking, Off-Street Parking, Street, Garage: 0 Car(s)
Elementary District
Stockton Unified
High School District
Stockton Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
RES
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 0 | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 0 | 0 | 0/0 | – | – | – |
623 N Edison St is a Residential Income in Stockton, CA 95203. This 0 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,475,000 and was built in –.
This address can also be written as 623 N Edison St, Stockton, CA 95203.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of August 02, 2024. For the most current information, please contact Frankie Thornton, (916) 205-5204