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MLS LogoCourtesy of Colliers Parrish Intenational Inc..

$2,775,000

1337 N Madison Street

Stockton , CA 95202

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Marcus Haney

Marcus Haney

Connecting Sellers and Buyers of Premier Properties

Property Description

is pleased to present Madison Arches for sale, a twenty-four (24) unit apartment complex located at 1337 N. Madison Street, Stockton, CA. Madison Arches is made up of Four (4) two-bedroom/ one-bathroom units and Twenty (20) one-bedroom/one bathroom units. The property provides an investor a unique opportunity to own a relatively recently constructed apartment complex with below market rents, and clear path to a higher return through management expense reduction and loss to lease recovery. Built in 1920 as a Jewish Community Center, this designated Stockton historical site was completely remodeled in 1986 to add the apartment units. The construction was extensive and included the addition of new electrical wiring, plumbing, heating and air as well as an elevator, fire sprinkler monitor system and individual electrical and gas meters. The apartment grounds offer residents secured parking, spacious living quarters, in a controlled access building.

Property Details & Features

Property Type

  • 5 Or More Units

Schools

  • San Joaquin

Listing

  • Source: Metrolist

House

  • Built in 1920
  • 3 Stories
  • Brick
  • Wood

Floors

  • Carpet
  • Vinyl

Heating

  • Wall Furnace

Location

  • Area: 20701
  • County: San Joaquin

Lot

  • 0.2296 Acres

Property

  • 24 Total Leasable Units

Schools

  • School County: San Joaquin
  • School Name 1: Stockton Unified
  • School Name 2: Stockton Unified
  • School Name 3: Stockton Unified

This data up-to-date as of August 16, 2022 10:53AM.

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