Overview
About This Listing
This 10 unit multifamily apartment complex located at 221 E Sonora Street in Stockton, CA is priced to move! 8.6% cap rate. The property consists of 9 one bedroom one bathroom units and 1 studio unit. All tenants are currently month to month, allowing for immediate repositioning of rents and interior upgrades. Current rents are well below market, creating a strong value add opportunity and clear pathway for increased revenue. Located near Downtown Stockton with convenient access to I 5 and Hwy 99, the property benefits from proximity to major employment centers, shopping, dining, public transit, and daily services. This location supports long term occupancy and solid leasing demand. This asset is well suited for investors pursuing a stabilized building that provides cash flow today with meaningful upside available through renovation and improved lease structures. Please inquire for additional information.
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