CA > Stockton
Stockton, CA 95203,627 N Edison ST
Stockton, CA 95203,627 N Edison ST
Stockton, CA 95203,627 N Edison ST
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Lance McHan

Lance McHan

+1(209) 986-9292
$2,475,000
Est. payment /mo
7,550 Sqft Lot
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UPDATED:

08/02/2024 09:09 PM

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

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MetroList® Services, Inc (RESO)
Listed by Arriaga Real Estate

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Lance McHan

+1(209) 986-9292

Broker Associate | License ID: 01987449

Broker Associate License ID: 01987449

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