28/34 S American ST, Stockton, CA 95202
28/34 S American ST, Stockton, CA 95202
28/34 S American ST, Stockton, CA 95202
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Randy Thomas

Randy Thomas

+1(209) 810-8830
$1,925,000
Est. payment /mo
5,000 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226132449

HOA Y/N No

Year Built 1925

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Mixed Use

Source MLS Metrolist

Property Description

A fabulous Bargain! Incredible Portfolio Offering! 3 contiguous Properties, i.e., 32-is a Parking Lot + 28 & 34 are structures with a combined complex unit count of 35 Rentable/Leasable income-producing Units, in addition to an on-site Managers Quarter, which is not part of the Unit Count! Stellar Income, Cash Cow! Performing Assets! In addition, 3 street-level floors are approximately, 20,101 +- Sq. Ft., plus basements, which are not calculated in the Public Record square footages, that may be, a combined square footage of approximately +-, an additional 10,101 +- Sq. Ft. with approximately 10,000.00+- Sq. Ft. in use, with 29 rentable Units, which according to Seller, are almost 100% occupied, which is Subject To Change, without Notice. Furthermore, at this time, according to Seller, the Approximate Monthly Targeted Income of the Subject Properties are projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income, from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft., of Residential/Retail Store Fronts, contingent upon approval from Stockton Municipality Enforcement Entities, that have jurisdiction regarding aforementioned. + an additional 5 unit building which is Approximately +- Sq Ft. of 5,101. Furthermore, at this time, 1 Unit is Rented/Leased at $1,250.00 per-month, on a Month-to-Month basis which equals an addition $15,000.00 annually, coupled with Approximate +- Projected Gross Annual Targeted Income of $286,800.00 in addition to $15,000.00 Annually, provides a total of Approximately +- Annual Income total of $301,800.00! Note: Subject Properties are Close to shopping, transit, dining, coffee shops, etc., coupled with easy, convenient, Freeway access. INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND POTENTIALLY INCREASE YOUR WEALTH!

Location

State CA

County San Joaquin

Area 20801

Direction From Hwy 5, take Hwy 4 East to Downtown Stockton. Take Stanislaus Street (Exit 66A) exit into Downtown Stockton. Turn Left on South El Dorado Street. Turn Right on East Market Street. Left on South American Street. Property is on the Right.

Location Details Professional Complex,Public Transportation Nearby,Downtown,Freeway Nearby,Restaurant Nearby,Hospital Nearby,Shopping Nearby,Light Rail Nearby

Interior

Heating Electric, Varies by Unit, Other

Cooling Varies by Unit, Other

Flooring Tile, Combo of Materials, Vinyl, Varies by Unit, Linoleum, Other

Window Features Dual Pane Partial

Exterior

Parking Features Open, Private, Common Area Shared, Secured, Street, Uncovered, Fenced

Utilities Available Sewer Connected, Varies by Unit, Other

Water Access Desc Water District,Public

Roof Type Flat,Tar/Gravel,Other

Road Frontage City Street

Building

Lot Description Corner, Sidewalk, Sidewalk/Curb/Gutter, Street Lights

Story 3

Foundation Combination, Other, Slab

Sewer Public Sewer

Water Water District, Public

Others

Senior Community No

Tax ID 149-200-06

Special Listing Condition Offer As Is, Other

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MetroList® Services, Inc
Listed by Intrust Properties, Inc.

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Randy Thomas
Randy Thomas

Broker License ID: DRE# 01037761

+1(209) 810-8830 | randy@cornerstonecloses.com

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