$440,000
$459,777
4.3%For more information regarding the value of a property, please contact us for a free consultation.
6,417 SqFt
SOLD DATE : 11/04/2024
Key Details
Sold Price $440,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,417 sqft
Price per Sqft $68
MLS Listing ID 224009133
Sold Date 11/04/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1918
Lot Size 2,344 Sqft
Acres 0.0538
Property Description
Back on the market, ready to sell, this classic 12-unit apartment building, boasting incredible brickwork and a solid structure with incredible profit potential after renovation. With 5 1bd/1bth and 7 studio apartments, this property offers approximately 6,400 square feet of rental space. The lower/basement level provides an additional 2,000 square feet of prime real estate that's perfectly suited for a retail units or additional storage space. This property is also located in an Opportunity zone, meaning potential for tax-free profits after 10 years. Fire damage on inside, but have a contractor-quoted remodel cost of around $300k, the potential for big returns is within reach. Was in escrow for several months and was not able to close at no fault of seller or property. Don't miss out on this incredible opportunity for multiple-family rehab with big upside!
Location
State CA
County San Joaquin
Area 20801
Direction 1.5 miles east of the intersection of Highway 5 and Highway 4. Closest intersection is with Aurora St. S to the west.
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Laundry Other
Exterior
Garage None
Utilities Available Other
Water Access Desc Public
Building
Lot Description Zero Lot Line
Story 3
Foundation BrickMortar, Raised, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 151-220-02
Special Listing Condition Other
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