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Madison St Stockton, CA 95202

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For Sale
$849,900

Eight-unit multifamily property near downtown Stockton with high cash flow.

Property size:
6,208 SF
Lot size:
0.11 Acres

Property Features for Madison St

General Information

Standard status
Active
Size
6,208 SF
Lot size
0.11 Acres

Building Details

Year built
1917

Source: REAL BROKERAGE TECHNOLOGIES Agent HELEN CHONG

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stockton Multifamily Investment Opportunity

This eight-unit multifamily property is located near downtown Stockton and features a mix of two-bedroom (5) and one-bedroom (3) units. The property has historically demonstrated high cash flow performance with additional upside potential. It is situated on a corner lot with ample parking. One of the buildings sustained fire damage affecting one area and unit, and is currently vacant. However, agreements are in place, with leases signed, for immediate occupancy once repairs are completed and an occupancy certificate is issued. All units are individually metered, and more than half of the current leases have utilities paid by tenants, minimizing owner utility expenses. The property offers an entry point for investors seeking immediate returns on rental income upon completion of repairs. Utility companies recognize the address as 931-941 N Madison. The property size is 6208 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Stockton
County
San Joaquin
State
California
Longitude
-121.293535
Latitude
37.951627

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily property near downtown Stockton with high cash flow.
Where is this apartment building located?
The property is located at Madison St Stockton, CA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: - 9%+ Cap Rate Potential with Existing Rental Agreements; - High Cash Flow Performing Asset with Additional Upside; - Great Unit Mix: Five 2-Bedroom Units and Three 1-Bedroom Units
More about this property
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