INVESTMENT OPPORTUNITY IN STOCKTON! 22-UNIT APARTMENT BUILDING WITH 5.8% CAP RATE. RENOVATED, MODERN, AND GREAT LOCATION. SCHEDULE A VIEWING TODAY!

About 623-627 N Edison St:

Are you looking for a great investment opportunity in the heart of Stockton? Look no further! This 22-unit apartment building is not only close to downtown Stockton, but it also offers a fantastic 5.8% CAP rate, making it an ideal investment for savvy buyers.

The property has undergone a complete renovation, ensuring that it is ready for new tenants and providing a modern and attractive living space. Most units have been upgraded with tile flooring, dual pane windows, and Granite Countertops, giving them a sleek and contemporary feel. The kitchens have also been completely remodeled, with new appliances installed in multiple units.

Recent improvements have been made throughout the property to enhance its value and functionality. In 2022 and 2023, twelve units were remodeled, bringing them up to the highest standards. Additionally, the wall heaters in all units have received maintenance, ensuring that they are in optimal working condition. Weatherproofing has been performed on multiple units to protect against the elements, and drain lines have been upgraded to ABS for improved efficiency and durability.

The exterior of the buildings has also been given a fresh coat of paint, along with the metal fence and railing. The electrical panel at 623 N Edison has been completely rewired to bring it up to code, ensuring the safety and reliability of the building's electrical system. A new 270K BTU Commercial water heater has been installed, along with a new 100ft 1 1/4 gas pipe to the water heater from the meter, ensuring that residents have access to hot water whenever they need it. Roof waterproofing has been performed, and gutters have been installed or repaired as needed. An inspection report is available for 627 N Edison, providing peace of mind for potential buyers.

In 2021, a new CPVC hot water pipe was installed at 627 N Edison, ensuring reliable hot water supply to residents. A new wooden staircase was also installed at 627 N Edison, improving accessibility and safety for tenants. In 2020, 110 linear feet of ABS sewer lines were installed to connect to the city's main sewer connection, ensuring efficient and reliable waste removal.

This property is truly a must-see for any investor looking to add to their portfolio. The combination of a fantastic location, a solid 5.8% CAP rate, and recent renovations and improvements make this an incredible opportunity. With 3 two-bedroom units, 11 one-bedroom units, and 8 studios, there is a diverse range of options for potential tenants.

Don't miss out on this chance to own a fully renovated apartment building in Stockton. The memorandum attached provides further details on the property, but nothing compares to seeing it in person. Schedule a viewing today and discover the potential this investment property holds.