$2,600,000 Price Analysis   ♡   Stockton, CA 95205 32 bed 1 bath 750 SqFt ($3466/SqFt) 0.56 acre lot. Built 1993 Listed 2024-05-22, Taxes $7,531 | Ⓧ USDA Ineligible due to price & location near Stockton |
Welcome to 1616 East Market St reet
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 utstanding 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!
Presented by George El-Chemali at
Compass.
Property MLS #224055154 from MetroList
Flooring: Carpet, Tile
Lot Dimensions Source: Acres
Lot Size Acres: 0.5609
Lot Size Square Feet: 24433
Parking Total: 16
Calculated Total Monthly Association Fees: 0
Number of 2 Bedroom Units: 16
Bedrooms in Unit-1: 2
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 4
Unit-1 Square Feet: 750
Unit 1 Total Actual Rent: 1170
High School District: Stockton Unified
Middle or Junior School District: Stockton Unified
Map directions Map directions Map directionsIncome Includes: Laundry
Lease Term: Varies By Unit
Number of Units Leased: 15
County: San Joaquin
Cross Street: S Wilson Way
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.
Disclaimer: All measurements and 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. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: Stockton South
Source Neighborhood: 20801
Parcel Number: 155-020-66
Zoning: C2
Property Subtype: Apartments
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $511,147 + $85,189 $596,336 | $7,531 |
| 2021 | $501,125 + $83,519 $584,644 | $8,043 |
| 2020 | $495,987 + $82,663 $578,650 | $7,373 |
| 2019 | $486,262 + $81,043 $567,305 | $7,342 |
| 2018 | $476,728 + $79,454 $556,182 | $7,206 |
| 2017 | $467,381 + $77,897 $545,278 | $6,830 |
| 2016 | $458,219 + $76,370 $534,589 | $6,948 |
| 2015 | $451,339 + $75,223 $526,562 | $6,942 |
| 2014 | $342,000 + $57,000 $399,000 | $5,125 |
| 2013 | $342,000 + $57,000 $399,000 | $5,093 |
| 2012 | $342,000 + $57,000 $399,000 | $5,019 |
| 2010 | $342,000 + $57,000 $399,000 | $6,190 |
| 2009 | $421,240 + $70,207 $491,447 | $5,969 |
| 2009 | $420,239 + $70,040 $490,279 | $5,969 |
| 2008 | $412,981 + $68,830 $481,811 | $5,957 |
| 2007 | $404,885 + $67,481 $472,366 | $5,620 |
$2,600,000
MetroList
Listed 2024-05-22
$2,700,000
MetroList
Sold 2000-09-13
$420,000
Public Record
Sold 1992-02-11
$103,000
Public Record
Construction Materials: Wood
Foundation Details: Slab
Levels: Two
Property Age: 31
Levels or Stories: 2
Structure Type: 5 or More Units
House Style: Contemporary
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.