Description
Pleased to present 1414 E. Oak Street or sale, an eight (8) unit apartment complex located in Downtown Stockton. The property is an excellent opportunity for a first time investor to own an apartment complex with below market rents, with a clear path to a higher return through management expense reduction, loss to lease recovery and addition of income streams, such as laundry. Built in 1970, the buildings consists of all one-bedroom, one-bathroom units that are approximately 500 SF in size. The property includes a storage room that may be converted into a laundry room, along with gated, secure entry point tenants. Being sold together with 640 W. Park Street, or separated, 1414 E. Oak Street offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Pleased to present 1414 E. Oak Street or sale, an eight (8) unit apartment complex located in Downtown Stockton. The property is an excellent opportunity for a first time investor to own an apartment complex with below market rents, with a clear path to a higher return through management expense reduction, loss to lease recovery and addition of income streams, such as laundry. Built in 1970, the buildings consists of all one-bedroom, one-bathroom units that are approximately 500 SF in size. The property includes a storage room that may be converted into a laundry room, along with gated, secure entry point tenants. Being sold together with 640 W. Park Street, or separated, 1414 E. Oak Street offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.
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