Description
3 UNIT, 5101 SQ FOOT, SINGLE STORY LOCATION, WITH HIGH CEILINGS2500 SQ FOOT OF STORAGE SPACE WITH 6.5 FOOT TALL CEILINGS FOR THE HALF BASEMENT.CURRENT LEASE WITH MINIMART IS 14,400 INCOME A YEARTHE 2 ADDITIONAL UNITS ARE VACANT, CURRENTLY OPENED TO ONE UNIT, EASY TO DIVIDE.IT SHOULD BE EASY TO BRING IN AN EXTRA 38,000 A YEAR FROM THESE OTHER 2 UNITSWHICH WOULD MAKE TOTAL INCOME AROUND 52,000 A YEAR INCOME BEFORE EXPENSES.BASEMENT SPACE MAKES ADDING, UTILITIESVERY EASY IF WANTING TO BUILD OUT.PLEASE ASK FOR CURRENT EXPENSES AND A WALKTHROUGH ON PROPERTY. BONUS FEATURESOpportunity zone, allowing for deferment of taxes and other benefits.Downtown Stockton Alliance, providing additional city amenities and incentives for businesses.OVER 10% PRO FORMA CAP RATE.Within one block of over 200 new apartments under development.Over 8,400 cars per day. All units havegreat exposure withglass storefronts and easy access.50 foot window line. 4 bathrooms. Zoned CG. Plenty of free street parking.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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5,101SQFT
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$78$/SQFT
School Ratings & Info
Description
3 UNIT, 5101 SQ FOOT, SINGLE STORY LOCATION, WITH HIGH CEILINGS2500 SQ FOOT OF STORAGE SPACE WITH 6.5 FOOT TALL CEILINGS FOR THE HALF BASEMENT.CURRENT LEASE WITH MINIMART IS 14,400 INCOME A YEARTHE 2 ADDITIONAL UNITS ARE VACANT, CURRENTLY OPENED TO ONE UNIT, EASY TO DIVIDE.IT SHOULD BE EASY TO BRING IN AN EXTRA 38,000 A YEAR FROM THESE OTHER 2 UNITSWHICH WOULD MAKE TOTAL INCOME AROUND 52,000 A YEAR INCOME BEFORE EXPENSES.BASEMENT SPACE MAKES ADDING, UTILITIESVERY EASY IF WANTING TO BUILD OUT.PLEASE ASK FOR CURRENT EXPENSES AND A WALKTHROUGH ON PROPERTY. BONUS FEATURESOpportunity zone, allowing for deferment of taxes and other benefits.Downtown Stockton Alliance, providing additional city amenities and incentives for businesses.OVER 10% PRO FORMA CAP RATE.Within one block of over 200 new apartments under development.Over 8,400 cars per day. All units havegreat exposure withglass storefronts and easy access.50 foot window line. 4 bathrooms. Zoned CG. Plenty of free street parking.
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