Active
625 N Commerce Street
Stockton CA, 95202
$1,687,500
$3,652.60 per sqft
Active
1 Bed
1 Bath
462 sqft
Multi-family
Built in 1961
The Commerce Street Apartments are a 15-unit complex nestled in Stockton's desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with north of a 6% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen (14) are 1bedroom, 1bathroom units, approximately 462 square feet and one (1) 3bedroom, 2bathroom units, approximately 900 square feet. Located near the corner of W. Oak Street and N. Commerce Street, the Commerce Street Apartments are less than 100 yards away from the Adventist Health Arena (home to many professional sports teams), a short walk to Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Stockton's well known Downtown Waterfront entertainment district. Do Not Disturb Tenants.
224133269
MLSⓇ ID
December 13, 2024
Listed
December 14, 2024
Updated
Map
625 N Commerce Street
Stockton CA, 95202
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Carpet, Vinyl
Laundry Description
Other
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s), Wall Unit(s)
Heating
Yes
Heating Description
Central, Wall Furnace, See Remarks
Exterior/Building Features
Lot Size
0.34 Acres
School Information
School District
Stockton Unified
Other Property Details
Garage
No
Parking
See Remarks, On Street
Parking Total
8
View
No
County
San Joaquin
Pool
No
Zoning
High Density Residential
Courtesy of Colliers Parrish Intenational Inc., Andrew Hodgson,
Listing Contact:
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