625 North Commerce Street
$1,687,500
1
1
7,368
7,368
$229
Description
The Commerce Street Apartments are a 15-unit complex 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 north of a 6% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen...The Commerce Street Apartments are a 15-unit complex 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 north of a 6% return on current net operating income, with room to grow! The property is made up of fifteen (15) units; fourteen (14) are 1bedroom, 1bathroom units, approximately 462 square feet and one (1) 3bedroom, 2bathroom units, approximately 900 square feet. 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 many professional sports teams), a short walk to Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Stockton's well known Downtown Waterfront entertainment district. Do Not Disturb Tenants.
- Listed by Andrew Hodgson • DRE #01796017 • Colliers Parrish Intenational Inc.P: (209)-401-9085 andy.hodgson@colliers.com
Property Details for 625 North Commerce Street
Parking Features
Street, Uncovered, See Remarks
ZoningHigh Density Residential
LISTING UPDATED: 12/13/2024 03:27 PM
Property Details for 625 North Commerce Street
Status | Active |
---|---|
MLS # | 224133269 |
Days on Compass | 4 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1961 |
Lot Size | 0.34 AC / 15,002 SF |
County | San Joaquin County |
Building Information for 625 North Commerce Street
Stories2Residences15Year Built1961Building Size-Lot Size0.34 AC / 15,002 SF
Property Information for 625 North Commerce Street
Property History for 625 North Commerce 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 625 North Commerce Street
Taxable ValueLand$424,483Additions$1,167,328Total$1,591,811
Tax Record2024$19,789 ($1,649 / month)
Home Facts
Baths15Total Finished SqFt8,517 SqFtAbove Grade Finished SqFt8,517 SqFtStories2Lot Size15,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR3CountySAN JOAQUINAPN137-190-120-000
Schools near 625 North Commerce Street
This home is within Stockton Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | K to 8 | |||
Public - | K to 8 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Wilson Elementary School PublicK to 8 | ||
Victory 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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