Price Reduction
Address
1616 E Market Street, Stockton, CA
Price
$ 2,600,000
Property Attributes
- MLS#224055154
- TypeIncome
- CountySAN JOAQUIN
- CityStockton
- AreaStockton
- Zip95205
- StyleContemporary
- Price$ 2,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.5609 Acres
Data Source:
MetroList MLS
Property Description
Welcome to 1616 East Market Street, Stockton, CA! This impressive (16) unit apartment building offers a lucrative investment opportunity with long-term tenants and solid cash flow. Built in 1992, the property features (16) units - all two bed, one bath, approx 792 sqft each. Building amenities include: on-site laundry, private/secure parking, with an outstanding property management company willing to remain with new ownership. This well-maintained complex is an excellent addition to any investment portfolio. Located in a prime area, an hour south of Sacramento this property offers convenience and potential for growth. Don't miss this chance to own a profitable and well-situated investment property in Stockton!
| Price History | |
|---|---|
| 5/22/2024 | Listed $2,700,000 |
| 5/23/2024 | 4% - $2,600,000 |
General Features
| Sewer | See Remarks |
|---|---|
| Heating | See Remarks |
| Cooling | See Remarks |
| Utilities | City |
| Appliances | Free Standing Gas Oven,Free Standing Gas Range,Free Standing Refrigerator,See Remarks |
| Unit 1 Rent | 1170 |
| Garage Spaces | 0.0 |
| Architectural Style | Contemporary |
| Construction Materials | Wood |
| Year Built | 1993 |
| Stories | 2 |
| Levels | Two |
| Loading | Private |
| Property SubType | 5 or More Units |
| County | San Joaquin |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Heading South on I-5,merge onto CA-4 East,Exit Wilson Way,turn left on Wilson Way,then turn right on E Market St. |
| City | Stockton |
| Buyer Agent Compensation | 2 |
| High School District | Stockton Unified |
| Zoning Description | C2 |
| Open Parking Spaces | 0.0 |
| NumberOfUnitsTotal | 16 |
| MLS Area | 20801 |
| Lot Size Square Feet | 24433.0 |
| Carport Spaces | 0.0 |
| Street Name | Market |
| Ok to Lease | Varies By Unit |
| Standard Status | Active |
| Middle/Junior School District | Stockton Unified |
| Elementary School District | Stockton Unified |
| Year Built Source | Assessor Auto-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Carpet,Tile,See Remarks |
|---|---|
| Total Stories | 2 |
| Furnished Units | All Units |
| Unit 1 Full Baths | 1 |
| Unit1Bedrooms | 2 |
| Street Suffix | Street |
| Laundry Features | In Common Area |
| Unit 2 Bedroom Units Total | 16 |
Exterior Features
| Parking Features | Guest Parking Available,See Remarks |
|---|---|
| Lot Features | Private,Other |
| Water Source | See Remarks |
| Total Parking | 16.0 |
| Foundation Details | SeeRemarks,Slab |
| Number of Buildings | 1 |
| Lot Size Acres | 0.5609 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95205
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: June 16, 2024 9:51 PM UTC 