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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,782 sqft
Price per Sqft $181
MLS Listing ID 224093463
Sold Date 11/08/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1976
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
We are pleased to present the Vine Street Apartments, a nine (9) unit apartment complex located in Stockton, California. The property provides an investor a unique opportunity to own an apartment complex with below market rents, and clear path to a higher return through management expense reduction and loss to lease recovery. Built in 1976, the apartment complex is comprised of one (1) two-bedroom, one bathroom unit, approximately 686 SF, and eight (8), one-bedroom, one-bathroom units, each approximately 512 SF. The apartment grounds offer residents secured parking, spacious living quarters, in a controlled access building, along with professionally maintained grounds. In addition to the amenities listed above the complex also include onsite laundry, currently operated by WASH, giving ownership an additional revenue stream. Do not disturb tenants.
Location
State CA
County San Joaquin
Area 20701
Direction On HWY 4, take exit 65A, heading North West on S. Center Street. Continue on S. Center Street for 1 mile, and then turn left on W. Vine Street. The property will be on your left.
Interior
Heating Wall Furnace, See Remarks
Cooling Ceiling Fan(s), Wall Unit(s), See Remarks
Flooring Carpet, Vinyl, See Remarks
Window Features See Remarks
Appliance See Remarks
Laundry In Common Area
Exterior
Parking Features Carport, Covered, Street, See Remarks
Utilities Available Cable Available, Natural Gas Connected, City, DSL Available, Electric, Internet Available
Water Access Desc Meter on Site,See Remarks,Public
Roof Type Flat,See Remarks
Porch See Remarks
Total Parking Spaces 8
Building
Lot Description None
Foundation SeeRemarks, Slab
Sewer Public Sewer, See Remarks
Water Meter on Site, See Remarks, Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 137-123-04
Special Listing Condition None
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Bought with Realty One Group AMR
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