Active
1608 E 6th Street
Stockton CA, 95206
$2,500,000
$142.43 per sqft
Active
17,552 sqft
Commercial
Built in 1941
We are ecstatic to present a unique opportunity to own 20 units of the Fairview Apartments off S. Airport Way, a well-established, well run apartment complex with strong historical occupancy. Four separate units sitting on almost 2 acres of sprawling land adjacent to Williams Brotherhood Park, and Merlo Institute of Environmental Technology. The San Joaquin Fair Grounds is a few blocks away, so is the Dorothy L. James Family Resource Center. The units comprise of 8 three-bedroom, one bath, and 12, two-bedroom, one bath units. Outside parking (not designated) s available at a ratio of two per unit with room to roam around including street parking nearby. All the units have a metered electric and gas while the landlord pays for water, sewer and garbage. Recent capital upgrade include roof improvements. You could assume on the average rents are low with long term tenants in place, but the upside according to Table 2-3 Municipal Code, the allowable density is: 17.5 to 30 units per net acre and 13.2 to 24 dwelling units per gross acre. Please check with City of Stockton for accuracy of information.
224107258
MLSⓇ ID
September 24, 2024
Listed
November 20, 2024
Updated
Map
1608 E 6th Street
Stockton CA, 95206
Interior Features
Interior Features
Carpet, Vinyl, Wood
Floor Description
Carpet, Vinyl, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s), Varies by Unit
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
1.69 Acres
Lot Features
Level
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Open, On Street
Parking Total
32
View
No
County
San Joaquin
Water Source
Public
Pool
No
Zoning
RH-Resiedntial High Density
Listing History
Date | Event | Price |
|---|---|---|
11/20/2024 | Price change | $2,500,000 -4% |
Courtesy of Coldwell Banker Valley Central, Frew Tibebu,
Listing Contact:
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