Homes for sale - 32 S American ST, Stockton, CA 95202

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Irik Edens

irik@fullofhearthomes.com +1(530) 350-9522

$ 1,789,990

Est. payment -/mo

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Active

32 S American ST Stockton, CA 95202

5,001 Sqft Lot

UPDATED:

12/24/2024 02:50 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224126052

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1925

Lot Size 5,001 Sqft

Acres 0.1148

Property Description

Stellar Income,Cash Cow! Performimg Asset! 3 Parcels,with 34 units combined includes 34 S. American St.,which is 5 Units+basement, Approx. +-5101 Sq.Ft. Coupled with a 3 story 15,000 Sq.+- Sq.Ft.,plus basement,which is not calulated in the Public Record square footage,that may be approximatley+-perhaps,an additional 5,000 Sq.Ft. with approximately 10,000.00+- Sq. Ft.in use, with 29 Units,which according to Seller,are almost 100% occupied,which is Subject To Change,without Notice.Furthermore,at this time,according to Seller,the Approximate Monthly Targeted Income of the Subject Property is projected to be potentially approximately +- $23,900.00 gross per-month, which computes to an Approximate +- Projected Gross Annual Targeted Income of $286,800.00; coupled with a potential bottom floor opportunity for substantially more income,from an additional Bottom-Story Development/Build-out of 5,000 +- approximate Sq. Ft.,of Residential/Store Fronts,contingent upon approval from Stockton Municipality Enforcement Entities,that have jurisdiction regarding aforementioned. Close to shopping, transit, dinning,coffee shops,etc.,coupled with easy, convenient Freeway access.INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND INCREASE YOUR WEALTH!

Location

State CA

County San Joaquin

Area 20801

Direction From Hwy 5, take Hwy 4 East to Downtown Stockton. Take Stanislaus Street (Exit 66A) exit into Stockton. Turn Left on South El Dorado Street. Turn Right on East Market Street. Left on South American Street. Property is on the Right.

Location Details Professional Complex,Business Park,Public Transportation Nearby,Downtown,Freeway Nearby,Restaurant Nearby,Hospital Nearby,Shopping Nearby

Interior

Heating Varies by Unit, Other

Cooling Varies by Unit

Flooring Tile, Combo of Materials, Vinyl, Varies by Unit, Linoleum

Exterior

Parking Features Street, Uncovered, Other

Utilities Available Varies by Unit, Other

Water Access Desc Meter on Site,Water District,Public

Roof Type Tar/Gravel,Other

Topography Level

Road Frontage City Street

Building

Lot Description Low Maintenance, Curbs/Gutters, Sidewalk, Storm Drain, Street Lights

Story 3

Foundation Combination, Other

Sewer Sewer Connected, Public Sewer

Water Meter on Site, Water District, Public

Others

Senior Community No

Tax ID 149-200-06

Special Listing Condition Offer As Is

Listed by Intrust Properties, Inc.

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+1(530) 350-9522

irik@fullofhearthomes.com