Homes for sale - 933 N Madison ST, Stockton, CA 95202

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Doug Goss

dgoss@kw.com +1(408) 234-0417

Listed by Helen Chong • Real Brokerage Technologies

$999,900

Est. payment - /mo

3 Beds

2 Baths

6,208 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,208 sqft

Price per Sqft $161

MLS Listing ID ML82013341

Style Custom

Bedrooms 3

Full Baths 2

Year Built 1917

Lot Size 5,000 Sqft

Property Sub-Type Five or More Units

Property Description

Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details.

Location

State CA

County San Joaquin

Area Stockton Central

Zoning Multi

Rooms

Kitchen Oven Range, Varies by Unit

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet

Exterior

Parking Features On Street

Utilities Available Individual Electric Meters, Individual Gas Meters

View City Lights

Roof Type Composition

Building

Foundation Raised

Sewer Sewer Connected, Sewer in Street

Water Public

Others

Restrictions None

Tax ID 137-140-26

Security Features None

Special Listing Condition Not Applicable

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Doug Goss

+1(408) 234-0417

Broker Associate | License ID: 01182111

Broker Associate License ID: 01182111

933 N Madison ST Stockton, CA 95202

Doug Goss

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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