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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$1,200,000

Est. payment - /mo

5,196 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 5,196 sqft

Price per Sqft $230

MLS Listing ID 226067999

HOA Y/N No

Year Built 1970

Lot Size 7,501 Sqft

Acres 0.1722

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

The Flora apartments are a 10-unit complex nestled near Stockton's desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with north of a 7% return on current net operating income, with room to grow! The property is made up of Ten (10) units; Eight (8) are 1-bedroom, 1-bathroom units, approximately 482 square feet and Two (2) 2-bedroom, 1-bathroom units, approximately 670 square feet. Located midblock between N. Lincoln and N. Van Buren, the Flora Apartments provides residents easy access to major thoroughfares such as I-5, HWY 4 and HWY 99, as well as the Downtown Waterfront Entertainment District, home to Adventist Health Arena (home to many professional sports teams), Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Weber Point (an outdoor events center). Do not disturb tenants.

Location

State CA

County San Joaquin

Area 20701

Direction Take exit 473 off Interstate 5 and turn right on W. Flora Street. Continue on Flora for .70 Miles. After passing N. Lincoln Street, the property will be on your left.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 482 Bedrooms: 1 Full Baths: 1 Total Rooms: 2 Rent: 1151 SqFt Source: Owner

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall Unit(s)

Flooring Carpet, Vinyl

Laundry Other

Exterior

Parking Features Street, Uncovered

Utilities Available Cable Connected, City, Electric, Natural Gas Connected

Water Access Desc Meter on Site

Total Parking Spaces 6

Building

Lot Description None

Story 2

Foundation Slab

Sewer See Remarks

Water Meter on Site

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 137-165-10

Special Listing Condition None

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Listed by Colliers Parrish Intenational Inc.

Nearby School & Business

Homes Availalbe by Area

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

419 W Flora ST Stockton, CA 95203

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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