CA > Stockton
Stockton, CA 95202,933 N Madison ST
Stockton, CA 95202,933 N Madison ST
Stockton, CA 95202,933 N Madison ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$999,900
Est. payment /mo
5,000 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82013341

HOA Y/N No

Year Built 1917

Annual Tax Amount $12,499

Lot Size 5,000 Sqft

Property Description

Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details.

Location

State CA

County San Joaquin

Area 699 - Not Defined

Zoning Multi

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Tax ID 13714026

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Helen Chong Real Brokerage Technologies

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