1025 Madison St, Stockton, CA 95202
56 Unit Apartment Building | $8,350,000 ($149,107/Unit) | 6.13% Cap Rate | Stockton, CA 95202
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,350,000
- Property Type
-
Multifamily
- Square Feet
- 56,628 SF
Listing Contacts
Brigitte Schlatter
Verified Profile
- Property Info
Property Overview
Please contact exclusive agent for marketing package.
The property has two renovated buildings on a 52,200 sq. ft. lot. Larger than average apartment size (937 sq. ft for 2 BR and 743 sq. ft. for 1 BR), private patios and balconies, assigned and covered parking, security gates and security cameras are some of the features which attract stable tenants who seek affordability and ensure a high occupancy rate with waiting list.
This 56 unit apartment community has a stable tenant profile. Many residents travel to the Bay Area for work each day.
The property has two renovated buildings on a 52,200 sq. ft. lot. Larger than average apartment size (937 sq. ft for 2 BR and 743 sq. ft. for 1 BR), private patios and balconies, assigned and covered parking, security gates and security cameras are some of the features which attract stable tenants who seek affordability and ensure a high occupancy rate with waiting list.
This 56 unit apartment community has a stable tenant profile. Many residents travel to the Bay Area for work each day.
Property Details
- Class
- C
- Year Built/Renovated
- 1964/2019
- Stories
- 3
- Lot Size (sq. ft)
- 54,014 SF
- Units
- 56
Highlights
- Excellent Unit Mix 30 - 2 BR, 23 - 1 BR, 3 Studios
- Larger than average apartment size with patio or balcony
- Securtiy Gates / Security Cameras
- Assigned / Covered Parking
- Onsite Laundry Facilty, Elevator
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