721 N Commerce St

• Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
• Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing System (RUBS) offers the chance to recoup utility costs, further enhancing the property’s income potential.
• Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free additional income through monthly checks.
• Modern Upgrades: 9 out of the 10 units have been remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contemporary living experience while boosting the property's rental appeal.
• Strong Rental Demand: Located in a vibrant downtown area with high demand for quality rental housing in Stockton.
• Enhanced Security: Property is secured by a remote-controlled security gate for added safety.
• Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improving energy efficiency and comfort for tenants.
• Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution. The roof, replaced in 2014, further enhances the property's durability, ensuring peace of mind for years to come.
• Ample Parking: Offers generous on-site parking, with both covered and uncovered spaces.
• Family-Friendly Location: Ideally situated within the Stockton Unified School District.
• Excellent Connectivity: Easy access to major transportation routes, including Interstate 5 and Highway 4.
• Proximity to Amenities: Close to popular destinations like Stockton Arena, Regal Cinemas, Starbucks, and major banks, making it an attractive location for tenants.

Property Description

Presenting an outstanding investment opportunity at 721 N. Commerce St., Stockton, CA. This 10-unit apartment complex consists of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. The property features dual-pane windows, providing enhanced energy efficiency and noise reduction, as well as a durable concrete driveway, ensuring long-term, low-maintenance use. Additional amenities include both covered and uncovered parking, a common area laundry room, and a remote-controlled security gate for added safety. With current rents below market value, there is significant potential for value-add improvements. Stockton’s growing demand for quality rental housing indicates a consistent flow of prospective tenants, making this investment an excellent choice for generating steady rental income with low vacancy rates.