623 North Edison Street
$2,475,000
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Description
Great Opportunity! To own an investment property, close to downtown Stockton with a Cap rate of over 6.8% with opportunity to increase rents. This 22-unit apartment building consists of 3 two bedrooms, 11 one bedrooms, and 8 studios. Property has been completely renovated and most units have tile flooring, dual pane windows, Granite Countertops/New kitchen. Recent improvements include 12 remodeled units 2022/2023 Multiple units with new appliances, All units wall heater maintenance, weatherproofing...Great Opportunity! To own an investment property, close to downtown Stockton with a Cap rate of over 6.8% with opportunity to increase rents. This 22-unit apartment building consists of 3 two bedrooms, 11 one bedrooms, and 8 studios. Property has been completely renovated and most units have tile flooring, dual pane windows, Granite Countertops/New kitchen. Recent improvements include 12 remodeled units 2022/2023 Multiple units with new appliances, All units wall heater maintenance, weatherproofing performed 2022/2023 Multiple units drain lines upgraded to ABS. 2023 Exterior painting of all buildings, metal fence, & railing, 623 N Edison electric panel completely rewired to bring up to code, Newer 270K BTU Commercial water heater & new 100ft 1 1/4 gas pipe to water heater from meter, roof waterproofing, gutters and inspection report available for 627 N Edison. Section of new gutters and downspout installed at 623 N Edison. 2021 new CPVC hot water pipe to 627 N Edison, New wooden staircase 627 N Edison. 2020 new 110 linear feet ABS sewer lines to city main sewer connection. A must see! See Memorandum attached.
- Listed by Frankie Thornton • DRE #01250086 • Arriaga Real Estate
Property Details for 623 North Edison Street
Parking Features
Off Street, Covered, Street
ZoningRES
LISTING UPDATED: 08/02/2024 02:09 PM
Property Details for 623 North Edison Street
Status | Active |
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MLS # | 224084477 |
Days on Compass | 108 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1967 |
Lot Size | 0.17 AC / 7,548 SF |
County | San Joaquin County |
Building Information for 623 North Edison Street
Stories2Residences22Year Built1967Building Size-Lot Size0.17 AC / 7,548 SF
Property Information for 623 North Edison Street
Property History for 623 North Edison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 623 North Edison Street
Taxable ValueLand$167,325Additions$479,671Total$646,996
Tax Record2024$8,201 ($683 / month)
Home Facts
Baths11Total Finished SqFt7,040 SqFtAbove Grade Finished SqFt7,040 SqFtStories2Lot Size7,550 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningRLCountySAN JOAQUINAPN135-443-080-000Fireplace TypeHas Fireplace
Schools near 623 North Edison Street
This home is within Stockton Unified School District.
Rating | School | Type | Grades | Distance |
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Public - | K to 8 | |||
Public - | K to 8 | |||
Public - | K to 8 | |||
Public - | K to 8 |
Rating | School | Distance |
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Victory Elementary School PublicK to 8 | ||
Wilson Elementary School PublicK to 8 | ||
Cleveland Elementary School PublicK to 8 | ||
El Dorado Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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