32 American St Stockton, CA 95202-3001

This exceptional investment opportunity presents a 34-unit multifamily property situated on three parcels totaling 0.11 acres at 32 S American Street, Stockton, CA. The main building boasts approximately 15,000 square feet (plus an uncalculated basement potentially adding another 5,000 square feet), encompassing 29 units. A separate building at 34 S American Street adds another 5 units and a basement, totaling approximately 5,101 square feet. The seller reports nearly 100% occupancy, generating an estimated gross monthly income of approximately $23,900, translating to an estimated annual gross income of approximately $286,800. This figure is subject to change. The property's substantial size offers significant potential for further income generation. A potential bottom-floor development of approximately 5,000 square feet for residential or commercial use is possible, subject to necessary approvals from Stockton's municipal authorities. The property enjoys a prime location, close to shopping, public transportation, restaurants, and coffee shops, with convenient freeway access. This presents an unparalleled chance to build financial security and wealth. The total square footage in use is approximately 10,000 square feet.