1608 6Th St Stockton, CA 95206

Exceptional investment opportunity in Stockton, CA, presents the Fairview Apartments, a well-established 20-unit apartment complex. This multifamily property boasts four buildings situated on nearly two acres of land, offering ample space and potential for future development. The property includes 32 parking spaces, a ratio of approximately two per unit, supplemented by nearby street parking. The unit mix consists of eight three-bedroom, one-bathroom units and twelve two-bedroom, one-bathroom units. Tenants enjoy metered electric and gas, with water, sewer, and garbage services covered by the landlord. Recent capital improvements include roof upgrades. The property is conveniently located near Williams Brotherhood Park, Merlo Institute of Environmental Technology, and the San Joaquin Fair Grounds, providing residents with easy access to amenities and recreation. While current rents are low with long-term tenants, the property's zoning allows for significantly increased density, presenting a substantial opportunity for future rental income growth. The property's APNs are 169-190-210 & 169-190-220. The asking price is $2,500,000. Potential buyers are advised to verify zoning information with the City of Stockton.