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Gated, 1 bedroom 1 bath, 8 unit apartment complex. ready for tenants to move in.
Security Gated Complex-Two entrances off of Lincoln Road and on the north side, Prado Way---Some units have fireplaces---This complex is a low denisty R-2 zoned property with plenty of open space for people to enjoy, at home, and not somewhere else...Five buildings, two on Lincoln Road house 21 one bedroom, one bath units and three single level fourplex buildings on Prado Way have twelve two bedroom, one bath units. Large storage building with 960 square feet could be a child day care center for the complex. The 33rd unit is a 1 bedroom units used by the manager. plus an office... 900 square foot building could be a senior recreation area or pre school... No pool to worry about...Low density design. Open Spaces within the grounds.
Size Upon Req.$1,900,000
Morada Mobile Home Park is a good quality 44 space community located in a premier residential area of Stockton. Park residents are approximately 90% senior citizens with many living at the property for decades. The majority of the units are are doublewide homes with all pads accommodating parking. Gas and electric are provided by city services and directly billed to the tenants. Water and trash are provided by city services but as yet are not passed through to the tenants. Sewer is handled by an on-site septic system. There is significant upside with the property by leasing seven currently non-revenue producing pads. Three pads have mobile units in place with one ready to rent and two needing renovation; the other four pads are vacant.
TWO STORY 40 UNIT COMPLEX IN GOOD CONDITION WITH STUCCO EXTERIOR. THE BUILDING WAS RECENTLY PAINTED AND THE HVAC WAS REPLACED ABOUT 6 YEARS AGO.
Excellent opportunity to purchase a well cared for multifamily property in a good rental market of Stockton. Many of the tenants are long term. Property consists of (2) studio apartments with rent ranging from $400 to $475 and (4) 1 Bedroom apartments with rent ranging from $500 to $575. Marketing brochure is attached to this listing. *** Do not disturb tenants.***
Attractive 6-unit multifamily properties, consisting of (2) two bedroom / one bath units and (4) one bedroom / one bath units Two units on 10,000 sq ft lot Well-maintained and charming properties 6.15 % CAP Rate 100% leased with a positive return Beautiful neighborhood park located directly diagonal from properties
AS OF 05/27/14, AVAIL.. WON'T LAST! BUILT IN 1989 ! 38 UNITS - ALL 2 BEDROOMS - WASHER /DRYER HOOKUPS AND CENTRAL HVAC INSIDE EACH UNIT! NEWER COMPLEX, ON-SITE & OFF-SITE MANAGEMENT, VERY LOW VACANCY, NO DEFERRED MAINTENACE, EXCLLNT CONDITION INSIDE & OUT !! RECENTLY REPLACED MAILBOXES AND ASPHALT !! Units have laundry hookups, water heaters, central hvac, and individually metered PG&E. Most units AT LEAST partially remodeled recently! Gated community w/excellent On-Site AS WELL AS Off-Site Management! Assumable loan is fixed @ 4.4% (to 02/23!!) w/balance of 1.4M. New buyer can explore CONDO CONVERSIONS & Proforma cap rate = much higher ESPECIALLY when buyer may not have two sets of managers, FOR INVESTMENT BUILT IN 1989! Excellent investment to "park" your money while this economy turns around! MOTIVATED SELLER - BRING ALL REASONABLE OFFERS ! TRADES FOR RESIDENTIAL OR INVESTMENT REAL ESTATE IN SAN DIEGO, ALSO CONSIDERED.
Marcus and Millichap is pleased to present a 15 unit apartment complex located in Stockton, California. The Arena Park Apartments were constructed in 1976 using wood frame, and feature a garage that can be accessed from the street by ramp into the partial basement. The two floors of living space above have an open air interior hall running through both floors of the building. The current owner is a contractor who bought the property in 2010. Since then he has remodeled thirteen of the fifteen unit interiors. Renovations by owner and proactive management by Metzger Property Management have brought the property to 93% occupancy today, with 1 vacancy to be filled shortly. Rents have been kept low to ease in lease up and operations. There are twelve 1-bedroom units of 497 square feet each. Two 2-bedroom units of approximately 600 square feet, with an included private front patio area. The studio unit is slightly smaller than the 1 bedroom. A proactive owner can benefit from the increasing rent stabilization and growth in Stockton, as the local real estate market accelerates out of the now fading 2008 market downturn.
This is a major fixer with a lot of potential. Top two units (3 bed units) have been partially remodeled with new plumbing and electrical. One unit is almost ready to rent and the other requires major work. The bottom unit (potential for a 5+ bed, 3+ bath unit), is a complete fixer. Parking on side of building and in street.
BULK SALE - Great opportunity to add 4 multi-family properties to your portfolio in one single purchase. Seller would like to sell all 4 properties as a bulk sale; 67 units total. The pilgrim properties are adjacent to each other. 1. 613 Camanche Ln. Stockton, CA. 95207 * 34 units (3 buildings) Within 1.0 mile of Delta College and 1.5 miles from the University of the Pacific. Within walking distance to St. Mary' s High School and 1 mile from shopping corridor at Pacific Ave and March Ln In addition to this, it offers great access to interstate 5. 2. 522 N Pilgrim Street. Stockton, CA. 95205 * 11 units 3. 530 N Pilgrim Street. Stockton, CA. 95205 *9 units Both Pilgrim properties are within 1.0 mile from Stockton' s downtown waterfront and Weber point. The waterfront has a newer arena and ball park, home to the Stockton Thunder (hockey team) and Stockton Ports baseball team (respectively). Four blocks away from shopping corridor at Wilson and Fremont where Eastland Plaza Center is located. In addition to this, it offers great access to highway 4, I-5 and highway 99 4. 537 E Fremont Street. Stockton, CA. 95202 *13 units Within 0.5 mile of Stockton waterfront.