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September, 2015-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.
11 unit,all renovated inside and out, new carpet new paint security doors,new paved parking lot ,new exterior paint, zero vacancy,walk to park and Stockton arena. Owner will carry, wrap/Contract of Sale or Lease Option with $50,000.00 down or submit, no qualifying, no bank, no credit needed. Price just reduced to $565,000. $5,000.00 bonus to selling agent.
Great investment property with four units, each with 3 bedrooms and 1.5 baths. Owner will carry, wrap/Contract of Sale or lease option with $50,000.00 down or submit, no qualifying, no bank, no credit needed.
Front house has two bedrooms plus a den, 1 bath, newly refinished hardwood floors, redwood siding and a basement, two car garage with a 1/2 bath and a 12x33 ft. RV building. Also includes a 2 bedroom duplex with garages privately located at the rear of this .887 acre lot. House has private front and rear yards with a covered patio. Duplexes have their own private rear yards.
Colliers Internationals Central Valley Investment Team is proud to present Madison Apartments, a 16 unit apartment complex located in Central Stockton. Located off of Madison Street, the southern extension of Pacific Avenue, Stocktons main retail corridor, Madison Apartments are ideally located for its residents to enjoy the entertainment destinations located in Downtown Stockton and the retail amenities located on Pacific Avenue.Comprised of 15 one bedroom, one bathroom two-story townhome style apartments and one traditional one bedroom, one bathroom apartment, Madison Apartments has experienced historically strong occupancy. The two story apartment complex sits on roughly 12,500 sq. ft. of land and has individual parking stalls for each unit. Units are heated and cooled with wall mounted units and residents enjoy onsite laundry and storage.
The building has five commercial units on the first floor which also includes a basement and Mezzanine levels. The second and third floors comprise the hotel section, which has 50 rooms and is currently operating at an 90% occupancy rate
16 Units priced at below replacement cost make it an ideal investment. New Roof and professionally manage make it a turn key investment.
52 units - 1 @3br, 7 @ 2br / 2 bath, 44 @ 2br/1bath. Two store stucco & rock with security gates & cameras. Large court yard with BBQ facilities. Rental office. 80X30 unfinished recreation room. On-site Laundry
Great investment 12 units apartment! cap rate 10%-12%. All units are occupied. Tenants are senior Veterans paid by Gov. stable tenants, worry free. All units 1BR/1BA, newly renovated. Living area is 7035 sqft. 2100 sqft basement (existing 5 studio with half windows in basement), can be rented as Bar/grocery/storage. Updated including new roof, 13 new electrical meter panels,new main shutoff, new water heater and etc.; Lot=7499 sqf. Solid Veteran tenant resource rent $650-$680/unit (paid by gov). Annual total rent=($650-$680)x12x12=$93600 x90%=$84240 - $88128 Total anual cost=$1600(Insurance)+$2800(Tax)+($600water+$300(pge)+$145(garbage))x12 +$16940. + special PGE coverage(Owner pay PGE $50x12x12=$7200/yr)=$24140 Net Income=$60100 - $63988. (cap Rate=10.36% - 11% ) a)New roof $23k b) new 13 electricity meter panels and wires gutters, 3" garvenized metal pipes ($11k) c) new copper wires through building ($29k) d) new electricity shutoff (400amp, 4 wires) e)new electricity transformer ($33000) f)new floor($6k). g) new 5 units bath tub pipes and fixed all pipe leaking ($5k). h) 3 new heaters $2k i) Interior painting ( $4k). j) Exterior painting