1228 N Commerce Street, Stockton, CA 95202, Stockton, 95202 - 4 bed, 2 bath
PENDING$429,999$1,600/sqft
1228 N Commerce Street, Stockton, CA 95202
4Beds
2Baths
1,600Sqft
5,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Generation: The property comes with solid, in-place tenants, ensuring immediate cash flow and a turnkey investment opportunity from day one.
Top Cons:
Exterior Cosmetic Requirement: The exterior is noted as needing a paint job, presenting an immediate cosmetic improvement opportunity that requires capital expenditure to boost curb appeal.
Compared to the nearby listings
Price:$430.0K vs avg $215.0K (+$214,999.5)50%
Size:1,600 sqft vs avg 1,361 sqft50%
Price/sqft:$269 vs avg $13450%
More Insights
Built in 1910 (116 years old).
Condition: Built in 1910, the property features 'nicely updated' kitchens and bathrooms with tile flooring, making the interiors clean and functional. However, the style of the updates, including basic white appliances and standard wood cabinetry, suggests renovations that are likely 15-30 years old rather than recent. The exterior is visibly in need of a paint job, and the exterior stairs show significant wear. While the living spaces are move-in ready, the overall age of the structure, the older visible water heater, and the lack of central cooling indicate that the property is aged but maintained, requiring minor cosmetic updates and having some outdated components.
Year Built
1910
Close
-
List price
$430K
Original List price
-
Price/Sqft
$269
HOA
$0
Days on market
-
Sold On
-
MLS number
225142820
Home ConditionFair
Features
View-
About this home
Fantastic investment opportunity close to downtown Stockton! This well-maintained duplex features two nicely updated 2-bedroom, 1-bath unitseach offering tile flooring throughout, updated and clean kitchens with nice cabinetry and counters, and stylish bathrooms. Both units include large inside laundry rooms for added convenience. The detached garage provides dedicated storage for both the upstairs and downstairs units. The exterior is due for a paint job, offering an easy opportunity to add value and boost curb appeal. With solid tenants already in place, this property is a great cash-flowing investment from day one. Conveniently located near shopping, dining, schools, and freeway accessthis is a turnkey opportunity you don't want to miss!
B
Brian Konrad
Listing Agent
Price History
Date
Event
Price
02/06/09
Sold
$76,500
10/07/05
Sold
$425,000
03/16/05
Sold
$200,000
Condition Rating
Fair
Built in 1910, the property features 'nicely updated' kitchens and bathrooms with tile flooring, making the interiors clean and functional. However, the style of the updates, including basic white appliances and standard wood cabinetry, suggests renovations that are likely 15-30 years old rather than recent. The exterior is visibly in need of a paint job, and the exterior stairs show significant wear. While the living spaces are move-in ready, the overall age of the structure, the older visible water heater, and the lack of central cooling indicate that the property is aged but maintained, requiring minor cosmetic updates and having some outdated components.
Pros & Cons
Pros
Immediate Income Generation: The property comes with solid, in-place tenants, ensuring immediate cash flow and a turnkey investment opportunity from day one.
Modernized Unit Interiors: Both 2-bedroom, 1-bath units feature recent updates including tile flooring, clean kitchens with new cabinetry/counters, and stylish bathrooms, enhancing tenant appeal.
Valuable Tenant Amenities: Each unit benefits from a large inside laundry room and dedicated storage within a detached garage, offering significant convenience and desirability for renters.
Strategic Location: Positioned conveniently near essential amenities such as shopping, dining, schools, and freeway access, appealing to a broad tenant base.
Duplex Investment Model: As a duplex, the property provides diversified income streams and inherent resilience, making it an attractive residential income asset.
Cons
Exterior Cosmetic Requirement: The exterior is noted as needing a paint job, presenting an immediate cosmetic improvement opportunity that requires capital expenditure to boost curb appeal.
Age of Structure: Built in 1910, the property's age may imply potential for older infrastructure or systems that could require future maintenance or upgrades beyond the noted interior updates.
Lack of Specified Cooling System: The description does not mention a cooling system (e.g., central AC), which could be a significant comfort factor for tenants, particularly during warmer months.