419 W Flora ST Active Save Request In-Person Tour Request Virtual Tour
Stockton,CA 95203
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,196 sqft
Price per Sqft $230
MLS Listing ID 224133261
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1970
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
The Flora apartments are a 10-unit complex nestled near 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 7% return on current net operating income, with room to grow! The property is made up of Ten (10) units; Eight (8) are 1-bedroom, 1-bathroom units, approximately 482 square feet and Two (2) 2-bedroom, 1-bathroom units, approximately 670 square feet. Located midblock between N. Lincoln and N. Van Buren, the Flora Apartments provides residents easy access to major thoroughfares such as I-5, HWY 4 and HWY 99, as well as the Downtown Waterfront Entertainment District, home to Adventist Health Arena (home to many professional sports teams), Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Weber Point (an outdoor events center). Do not disturb tenants.
Location
State CA
County San Joaquin
Area 20701
Direction Take exit 473 off Interstate 5 and turn right on W. Flora Street. Continue on Flora for .70 Miles. After passing N. Lincoln Street, the property will be on your left.
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s),Wall Unit(s)
Flooring Carpet,Vinyl
Laundry Other
Exterior
Parking Features Street,Uncovered
Utilities Available Natural Gas Connected,Cable Connected,City,Electric
Water Access Desc Meter on Site
Total Parking Spaces 6
Building
Lot Description None
Story 2
Foundation Slab
Sewer See Remarks
Water Meter on Site
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 137-165-10
Special Listing Condition None