Description

Historically high cash flow producing property, with 10%+ cap rate. 20 unit multi-family located near downtown Stockton with desirable unit mix (four 2 bedrooms, six 1 bedroom, and ten studios). Boasting 11,518 total sq ft (two buildings), on a 10,000 sq ft corner lot, with convenient access to all nearby retail and employment. On site parking with ample street parking and close proximity to public transportation. Further upside potential for seasoned and new investors looking for a well positioned income generating opportunity. The property has low vacancy throughout current ownership with higher level rents achieved for most of the units. Currently fully occupied with no delinquencies. Tax records show address as 545 N Caliornia, but 2nd building has additional address noted as 436 E Oak with the city. Contact broker team for further details.

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