We are pleased to present the Vine Street Apartments, a nine (9) unit apartment complex located in Stockton, California. The property provides an investor a unique opportunity to own an apartment complex with below market rents, and clear path to a higher return through management expense reduction and loss to lease recovery. Built in 1976, the apartment complex is comprised of one (1) two-bedroom, one bathroom unit, approximately 686 SF, and eight (8), one-bedroom, one-bathroom units, each approximately 512 SF. The apartment grounds offer residents secured parking, spacious living quarters, in a controlled access building, along with professionally maintained grounds. In addition to the amenities listed above the complex also include onsite laundry, currently operated by WASH, giving ownership an additional revenue stream. Do not disturb tenants.
Last Agent to Sell the Property
Colliers Parrish Inten'l Inc. License #01796017 Listed on: 08/22/2024
Last Buyer's Agent
Arjun Atwal
Realty One Group AMR License #02087899
$999,500
This 8-unit complex is nestled in Stockton's desirable Downtown Waterfront district. The property has been fully remodeled in the last few months and includes: new roof in 2020, all dual-pane windows, all new flooring stucco exterior, steel reinforced stairways, new granite counter tops throughout, and much more. Located at the corner of W. Oak Street and N. Monroe Street, the Oak Street
Andy Hodgson Colliers Parrish Inten'l Inc.
$699,000
- Good Income Producing Property - Upside in Rental Income - Most Units are below Market Rents - Attractive Cap Rate - Large Parcel Size for potential on site parking, storage or possible Additional Dwelling Unit (ADU) - Good Location close to Crosstown Freeway and Commercial Services - Short Term Seller Financing may be possible, but is subject to the credit, terms and conditions
Andy Hodgson Colliers Parrish Inten'l Inc.
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $870,000 | -3.2% | $182 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 08/22/2024 08/22/24 | For Sale | $899,000 | -- | $188 / Sq Ft |
Seller's Agent in 2024
Andy Hodgson
Colliers Parrish Inten'l Inc.
(209) 475-5110
8 in this area
51 Total Sales
A
Buyer's Agent in 2024
Arjun Atwal
Realty One Group AMR
Source: MetroList
MLS Number: 224093463
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