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3939 N Pershing AVE Stockton, CA 95207
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Key Details
Sold Price $6,000,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 51,664 sqft
Price per Sqft $116
MLS Listing ID ML81483339
Sold Date 08/23/17
Bedrooms 6
Full Baths 1
Half Baths 1
Originating Board MLSListings
Year Built 1977
Lot Size 2.850 Acres
Property Sub-Type Five or More Units
Property Description
The Brookside Apartments is a two-story 102-unit apartment complex across the street from the University of the Pacific. It is comprised of (10) 2bd/1ba and (92) 1bd/1ba with a total of 54,025 sq ft of rentable space on 2.85 Acres. There is a swimming pool and large laundry facility on site. The Brookside Apartments has a history of high occupancy and produces a secure income stream. Rents are currently below market. The cap rate is based upon market rents and current expenses.
Location
State CA
County San Joaquin
Zoning R
Interior
Heating Gas
Flooring Carpet, Granite, Hardwood, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Common Parking Area
Pool Pool - Fenced, Pool - Heated, Pool - In Ground, Pool - Indoor, Other
Utilities Available Other
Roof Type Flat / Low Pitch
Building
Foundation Other
Sewer Sewer Connected
Water Other
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Bought with William Harrigan • NTERO