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Paul Gallegos

paul@gocobaltrealty.com +1(916) 208-1068

$ 1,450,000

Est. payment | -/mo

5,000 Sqft Lot

Save

$ 1,450,000

Est. payment | -/mo

Save

5,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226101871

HOA Y/N No

Year Built 1925

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Mixed Use

Source MLS Metrolist

Property Description

Stellar Income, Cash Cow! Performing Asset! 30 Apt units, which includes a separate Managers' Quarters! In addition, 3 street-level floors are approximatley, 15,000 +- Sq.Ft., plus a basement, which is not calculated in the Public Record square footage, that may be, approximately +-, an additional 5,000 +- Sq.Ft. with approximately 10,000.00+- Sq. Ft. in use, with 29 Units, which according to Seller, are almost 100% occupied, which is Subject To Change, without Notice. Furthermore, at this time, according to Seller, the Approximate Monthly Targeted Income of the Subject Property is projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income, from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft., of Residential/Store Fronts, contingent upon approval from Stockton Municipality Enforcement Entities, that have jurisdiction regarding aforementioned. Close to shopping, transit, dining, coffee, shops, etc.,coupled with easy, convenient, Freeway access.INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND INCREASE YOUR WEALTH! ADVISEMENT: Intrust Properties, Inc., is Exclusively Representing the Seller(s), NOT the Buyer(s), i.e., NOT a Dual-Agency Brokerage/Real Estate Firm. Therefore, please contact a Licensed California Real Estate Brokerage Firm, of your choice, for an Exclusive Agency Representation, and additional information about the Subject Property.

Location

State CA

County San Joaquin

Area 20801

Direction From Hwy 5, take Hwy 4 East to Downtown Stockton. Take Stanislaus Street (Exit 66A) exit into Downtown Stockton. Turn Left on South El Dorado Street. Turn Right on East Market Street. Left on South American Street. Property is on the Right.

Location Details Professional Complex,Business Park,Public Transportation Nearby,Downtown,Freeway Nearby,Restaurant Nearby,Hospital Nearby,Light Rail Nearby

Interior

Heating Varies by Unit, Other

Cooling Varies by Unit, Other

Flooring Tile, Combo of Materials, Vinyl, Varies by Unit, Other

Exterior

Parking Features Street, Uncovered, Other

Utilities Available Varies by Unit, Other

Water Access Desc Water District,Public,Other

Roof Type Tar/Gravel,Other

Building

Sewer Public Sewer, Other

Water Water District, Public, Other

Others

Senior Community No

Tax ID 149-200-04

Special Listing Condition Offer As Is, None

Listed by Intrust Properties, Inc.

Nearby Locations

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Paul Gallegos

REALTOR® | Lic# 01858690

paul@gocobaltrealty.com

+1(916) 208-1068

970 Reserve Dr, #100, Roseville, CA, 95678

28 S American ST Stockton, CA 95202

Paul Gallegos

Key Details

Location

Interior

Exterior

Building

Others

28 S American ST