3704 Bonnie LN, Stockton, CA 95204
3704 Bonnie LN, Stockton, CA 95204
3704 Bonnie LN, Stockton, CA 95204
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$1,335,900
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6,883 SqFt
Price Dropped by $15K

3704 Bonnie LN Stockton, CA 95204

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C Ray Brower

C Ray Brower

+1(209) 418-0238

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,883 sqft

Price per Sqft $194

MLS Listing ID 226058227

HOA Y/N No

Year Built 1965

Lot Size 7,248 Sqft

Acres 0.1664

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

RARE FIND 6 Unit apartment Bonnie Apartments, a six (6) unit apartment 7% cap rate, located at 3704 Bonnie Lane in Stockton, CA. This is a unique opportunity for an investor to acquire an asset located in the Central Stockton Submarket, with 100% occupancy, no HOA, with recent upgrades including some appliances, new flooring7 fresh paint in 3 units, new lighting fixtures,new faucets in two units. bought a new commercial water heater, new exhuat fan in couple of units, cleaned up, sealed roof, brand new roof was instlled by previous owner about 1.5 years ago, and an advantageous location to University of the Pacific. Built in 1965, the Bonnie Apartments feature six (6) two-bedroom/one-bathroom units, approximately 1150 square feet in size, & 6 covered parking spaces, Building amenities include onsite laundry and covered parking. Dont miss this opportunity to own this property with an excellent cap rate and abundant cash flow.

Location

State CA

County San Joaquin

Area 20701

Direction see map and follow gps

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 1150 Bedrooms: 2 Full Baths: 2 Total Rooms: 2 Occupancy: Tenant Rent: 1750 SqFt Source: Owner Unit-2 Type: Apartment Approx SqFt: 1100 Bedrooms: 2 Full Baths: 2 Total Rooms: 2 Occupancy: Tenant Rent: 1600 SqFt Source: Owner Unit-3 Type: Apartment Approx SqFt: 1100 Bedrooms: 2 Full Baths: 2 Total Rooms: 2 Occupancy: Tenant Rent: 1800 SqFt Source: Owner Unit-4 Type: Apartment Approx SqFt: 1100 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Rent: 1800 SqFt Source: Owner

Interior

Heating Central

Cooling Central

Flooring Carpet, Laminate

Appliance Free Standing Gas Range, Free Standing Refrigerator, Microwave, Disposal

Laundry Coin Operated, In Common Area

Exterior

Parking Features Covered

Utilities Available Cable Available, Sewer In & Connected, Electric, Natural Gas Connected

Water Access Desc Public

Roof Type Other

Topography Level

Total Parking Spaces 6

Building

Lot Description Corner, Shape Regular

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style A-Frame

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 115-040-04

Special Listing Condition None

MetroList® Services, Inc
Listed by Royalty Mortgage & Real Estate

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate | License ID: 01969248

+1(209) 418-0238

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3704 Bonnie LN