347 E Flora St, Stockton

$6,759,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

52 unit senior community garden apartment complex with 100% HAP contracts that includes the right to request annual increases based on the market, a 60 day vacancy reimbursement, the county provides the tenants and a tax abatement is available to waive ad valorem taxes. The government contract is a 15 year agreement which will be renewed in 2031. The existing cap rate is 6.7%. This beautiful 2 two story Seniors 55+ ONLY complex has new roof, new asphalt and much more. Units come with range, refrigerator plus Many safety features including Closed Circuit cameras and security gates. Close to down town, Saint Joseph's Medical center, Shopping centers and Parks!! See brochure in docs area!

Essential Information
MLS® #19070486
Price$6,759,000
TypeCommercial
Sub-TypeOther
StatusActive
Community Information
Address347 E Flora St
Area20701
CityStockton
CountySan Joaquin
StateCA
Zip Code95202-1754
Amenities
AmenitiesOther-Attch
Parking1 Space Per Unit
Interior
HeatingFurnace Wall
CoolingWindow
Stories2 Story
Exterior
ExteriorShingle/Wood, Stucco
RoofFlat/Low Pitch
ConstructionOther-Attch
Additional Information
ZoningR-3 Multi Residential
Listing Details
OfficeKeller Williams Realty
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Metrolist Services Inc (California) LogoAll measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2019 MetroList Services, Inc.

Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.

Listing information last updated on October 13th, 2019 at 3:36pm PDT.

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