Active
32 S American Street
Stockton CA, 95202
$1,789,990
$119.33 per sqft
Active
15,000 sqft
Commercial
Built in 1925
Stellar Income,Cash Cow! Performimg Asset! 3 Parcels,with 34 units combined includes 34 S. American St.,which is 5 Units+basement, Approx. +-5101 Sq.Ft. Coupled with a 3 story 15,000 Sq.+- Sq.Ft.,plus basement,which is not calulated in the Public Record square footage,that may be approximatley+-perhaps,an additional 5,000 Sq.Ft. with approximately 10,000.00+- Sq. Ft.in use, with 29 Units,which according to Seller,are almost 100% occupied,which is Subject To Change,without Notice.Furthermore,at this time,according to Seller,the Approximate Monthly Targeted Income of the Subject Property is projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income,from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft.,of Residential/Store Fronts,contingent upon approval from Stockton Municipality Enforcement Entities,that have jurisdiction regarding aforementioned. Close to shopping, transit, dinning,coffee shops,etc.,coupled with easy, convenient Freeway access.INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND INCREASE YOUR WEALTH!
224126052
MLSⓇ ID
November 14, 2024
Listed
November 19, 2024
Updated
Map
32 S American Street
Stockton CA, 95202
Interior Features
Total Stories
3
Interior Features
Tile, Vinyl, Linoleum
Floor Description
Tile, Vinyl, Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Varies by Unit
Heating
Yes
Heating Description
Varies by Unit, Other
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Level
Roof
Tar/Gravel, Other
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Other, On Street
View
No
County
San Joaquin
Water Source
Public
Pool
No
Zoning
CD/Universal Land Use/Stores/Residential
Courtesy of Intrust Properties, Inc., James Burkett,
Listing Contact:
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