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JLee Broker

[email protected] +1(650) 857-1000

Listed by Jon Holmquist, DRE #01257479 • Marcus & Millichap

$2,400,000

Est. payment - /mo

1 Bed

1 Bath

7,988 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,988 sqft

Price per Sqft $300

MLS Listing ID MR41098762

Bedrooms 1

Year Built 1930

Lot Size 0.261 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

This offering commands a strong location mid-way between Tracy Blvd. and North Center, walking distance to light rail that provides an easy commute for tenants to major nearby Bay Area Job Centers and tech employment. Owned and operated for 28-years by the current owner, the property is well kept, with many long-term tenants, and significant rental upside. The owner self-manages the property, together with a resident on-site manager and carefully selects quality tenants. The property is constructed with wood frame, and stucco siding with a flat roof and per property records shows as constructed Circa. 1930. . The owner has upgraded the plumbing and building electrical including new main and sub-panels for optimal insurance rates. Further upgrades include double paned windows and interior renovations upon turnover. The unit mix consists of twelve studio units, and four one-bedroom/one bath units. Unit interiors feature primarily hardwood floors, renovated bathrooms, with three-piece-drop in tub enclosures. Heating is via. electric wall units, with tenant paying electric bills, which ensures low, stable expenses for the owner. The complex features 16-car open parking and sits on a superior 0.26-acre parcel. All units are separately metered for electricity and gas.

Location

State CA

County San Joaquin

Area Other Area

Interior

Cooling Other

Flooring Laminate, Hardwood

Exterior

Exterior Feature Stucco

Parking Features Parking Area

Garage Spaces 16.0

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 235-040-300000

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker License ID: 00851314

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333 W 9Th St Tracy, CA 95376

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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