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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