Active
623 N Edison Street
Stockton CA, 95203
$2,475,000
Active
Multi-family
Built in 1967
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.
224084477
MLSⓇ ID
August 1, 2024
Listed
October 1, 2024
Updated
Map
623 N Edison Street
Stockton CA, 95203
Interior Features
Total Stories
2
Interior Features
Tile
Laundry Description
Other
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s), Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
Public Sewer
School Information
School District
Stockton Unified
Other Property Details
Garage
No
Parking
Off Street, Covered, On Street
View
No
County
San Joaquin
Water Source
Public
Pool
No
Zoning
RES
Courtesy of Arriaga Real Estate, Frankie Thornton,
Listing Contact:
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