REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Jul

Tue

Jul

Wed

Jul

Xavier Williams

info@xavierwilliams.com +1(408) 774-4300

Listed by Helen Chong • Real Brokerage Technologies

$ 999,900

Est. payment -/mo

Save

Active

933 N Madison ST Stockton, CA 95202

3 Beds

2 Baths

6,208 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,208 sqft

Price per Sqft $161

MLS Listing ID ML82013341

Style Custom

Bedrooms 3

Full Baths 2

Year Built 1917

Lot Size 5,000 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details.

Location

State CA

County San Joaquin

Area Stockton Central

Zoning Multi

Rooms

Kitchen Oven Range, Varies by Unit

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet

Exterior

Parking Features On Street

Utilities Available Individual Electric Meters, Individual Gas Meters

View City Lights

Roof Type Composition

Building

Foundation Raised

Sewer Sewer Connected, Sewer in Street

Water Public

Architectural Style Custom

Others

Tax ID 137-140-26

Special Listing Condition Not Applicable

Xavier Williams

Certified Pricing Strategy Advisor - Realtor - Mortgage Broker | License ID: 01968917

+1(408) 774-4300

Xavier Williams

933 N Madison ST Stockton, CA 95202

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

933 N Madison ST