The Commerce Apartments | 625 N Commerce St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Commerce Apartments 625 N Commerce St
15 Unit Block of Flats £1,321,819 (£88,121/Unit) 6.18% Net Initial Yield Stockton, CA 95202
Investment Highlights
- Stabilized, turnkey apartment asset with a 6.18% cap rate on current income and priced well below replacement cost.
- Primarily made up of 1x1s, Downtown Stockton’s most popular unit type.
- Recent improvements include roof, sewer main replacement and 6 of the 15 units being turned.
- Excellent location, near Downtown Stockton’s Waterfront Entertainment Zone.
- Gated, secure parking and entry with brand new HD camera security system.
Executive Summary
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 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.
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.
Property Facts
| Price | £1,321,819 | Building Class | C |
| Price Per Unit | £88,121 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 7,368 SF |
| Net Initial Yield | 6.18% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.08 | Number of Floors | 2 |
| No. Units | 15 | Year Built | 1961 |
| Property Type | Residential | Parking Ratio | 3.26/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £1,321,819 |
| Price Per Unit | £88,121 |
| Sale Type | Investment |
| Net Initial Yield | 6.18% |
| Gross Rent Multiplier | 9.08 |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,368 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1961 |
| Parking Ratio | 3.26/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 462 |
| 3+2 | 1 | - | 900 |
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 137-190-12 | Improvements Assessment | £896,440 |
| Land Assessment | £325,978 | Total Assessment | £1,222,418 |
PROPERTY TAXES
Parcel Number
137-190-12
Land Assessment
£325,978
Improvements Assessment
£896,440
Total Assessment
£1,222,418
zoning
| Zoning Code | High Density Residential |
| High Density Residential |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Commerce Apartments | 625 N Commerce St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.