627 N Edison ST Active Save Request In-Person Tour Request Virtual Tour
Stockton,CA 95203
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224084477
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1967
Lot Size 7,550 Sqft
Acres 0.1733
Property Description
Great Opportunity! To own an investment property, close to downtown Stockton with a Cap rate of over 6.8% with opportunity to increase rents. This 22-unit apartment building consists of 3 two bedrooms, 11 one bedrooms, and 8 studios. Property has been completely renovated and most units have tile flooring, dual pane windows, Granite Countertops/New kitchen. Recent improvements include 12 remodeled units 2022/2023 Multiple units with new appliances, All units wall heater maintenance, weatherproofing performed 2022/2023 Multiple units drain lines upgraded to ABS. 2023 Exterior painting of all buildings, metal fence, & railing, 623 N Edison electric panel completely rewired to bring up to code, Newer 270K BTU Commercial water heater & new 100ft 1 1/4 gas pipe to water heater from meter, roof waterproofing, gutters and inspection report available for 627 N Edison. Section of new gutters and downspout installed at 623 N Edison. 2021 new CPVC hot water pipe to 627 N Edison, New wooden staircase 627 N Edison. 2020 new 110 linear feet ABS sewer lines to city main sewer connection. A MUST SEE! See Memorandum attached.
Location
State CA
County San Joaquin
Area 20701
Direction Exit 473-Oak St./ Fremont St. Left on Fremont, Left on N Harrison St. Left to W Park St. to Address 623/627 N Edison St.
Interior
Heating Wall Furnace
Cooling Wall Unit(s),Window Unit(s)
Flooring Tile
Laundry Other
Exterior
Parking Features Off Street,Covered,Street
Utilities Available Natural Gas Connected,Electric
Water Access Desc Public
Building
Lot Description Shape Regular,Sidewalk
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 135-443-07
Special Listing Condition Offer As Is