28 S American ST, Stockton, CA 95202
28 S American ST, Stockton, CA 95202
28 S American ST, Stockton, CA 95202
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Lance McHan

Lance McHan

+1(209) 986-9292
$1,450,000
Est. payment /mo
5,000 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226101871

HOA Y/N No

Year Built 1925

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Mixed Use

Source MLS Metrolist

Property Description

Stellar Income, Cash Cow! Performing Asset! 30 Apt units, which includes a separate Managers' Quarters! In addition, 3 street-level floors are approximatley, 15,000 +- Sq.Ft., plus a basement, which is not calculated in the Public Record square footage, that may be, approximately +-, 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, dining, coffee, shops, etc.,coupled with easy, convenient, Freeway access.INCREDIBLE OPPORTUNITY TO BUILD YOUR FINANCIAL SECURITY AND INCREASE YOUR WEALTH! ADVISEMENT: Intrust Properties, Inc., is Exclusively Representing the Seller(s), NOT the Buyer(s), i.e., NOT a Dual-Agency Brokerage/Real Estate Firm. Therefore, please contact a Licensed California Real Estate Brokerage Firm, of your choice, for an Exclusive Agency Representation, and additional information about the Subject Property.

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 Downtown 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,Light Rail Nearby

Interior

Heating Varies by Unit, Other

Cooling Varies by Unit, Other

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

Exterior

Parking Features Street, Uncovered, Other

Utilities Available Varies by Unit, Other

Water Access Desc Water District,Public,Other

Roof Type Tar/Gravel,Other

Building

Sewer Public Sewer, Other

Water Water District, Public, Other

Others

Senior Community No

Tax ID 149-200-04

Special Listing Condition Offer As Is, None

Read Less Info
MetroList® Services, Inc
Listed by Intrust Properties, Inc.

Nearby School & Business

Get More Information

Lance McHan

Lance McHan

+1(209) 986-9292

Broker Associate | License ID: 01987449

Broker Associate License ID: 01987449

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Cornerstone Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search