1616 Market St Stockton, CA 95205-5555

This exceptional investment opportunity presents a 16-unit apartment building located at 1616 E Market St, Stockton, CA 95205. Built in 1992, this two-story, Class C property boasts a total of 12,000 square feet, offering 16 units, each approximately 792 square feet with two bedrooms and one bathroom. Each unit is equipped with air conditioning. The property includes secure parking for all tenants. Currently generating a NOI of $80,000, with a pro-forma NOI of $110,000, this property offers a compelling 3.64% cap rate and a pro-forma cap rate of 5.00%. The asking price is $2,200,000, translating to $137,500 per unit and $183.33 per square foot. Situated in a prime location, approximately an hour south of Sacramento, this well-maintained complex presents a strong cash flow and significant potential for future growth, making it an ideal addition to any investor's portfolio. The property benefits from long-term tenants, ensuring consistent rental income. This is a rare opportunity to acquire a stable and profitable multifamily investment in a desirable California market.