MULTI-FAMILY BUILDING FOR SALE

Colliers Central Valley Investment Team is pleased to present the Commerce Street Apartments. This 15-unit complex is nestled in Stockton's desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with a 6.82% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen (14) are 1-bedroom / 1-bathroom units, approximately 462 square feet and one (1) 3-bedroom / 2-bathroom units, approximately 900 square feet. Nine (9) of the fifteen (15) units have been renovated. Located near the corner of W. Oak Street and N. Commerce Street, the Commerce Street Apartments are less than 100 yards away from the Adventist Health Arena, home to minor league Hockey and Basketball teams sports teams), a short walk