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347 East Flora Street $6,759,000

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    347 East Flora Street Stockton, CA 95202

    • Commercial
    MLS# 19070486 | Active
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    Property Details

    52 unit senior community garden apartment complex with 100% HAP contracts that includes the right to request annual increases based on the market, a 60 day vacancy reimbursement, the county provides the tenants and a tax abatement is available to waive ad valorem taxes. The government contract is a 15 year agreement which will be renewed in 2031. The existing cap rate is 6.7%. This beautiful 2 two story Seniors 55+ ONLY complex has new roof, new asphalt and much more. Units come with range, refrigerator plus Many safety features including Closed Circuit cameras and security gates. Close to down town, Saint Joseph's Medical center, Shopping centers and Parks!! See brochure in docs area!

    • General Features
      • Lease Terms Other-Attch
      • Other Expenses Advertising Lic Perm, Contract Services, Management
      • Year Built 1979
      • County R-3 Multi Residential
    • Building Features
      • Air Conditioning Window
      • Heat Furnace Wall
      • Amenities Other-Attch
      • Construction Other-Attch
      • Door None
      • Miscellaneous Sprinkler Sys Lndscp, Other-Attch
      • Loading Other-Attch
      • Roof Description Flat/Low Pitch
      • Floor Carpet Partial, Linoleum/Vinyl
      • Exterior Shingle/Wood, Stucco
    • Property Features
      • Location Hospital Nearby, Restaurant Nearby
      • Parking 1 Space Per Unit

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    Neighborhood

    95202 (Stockton) Demographics

    33Median Age
    6,084Population Density (per sq. mile)
    11%College Educated
    $14,758 Estimated Median Income
    136Estimated Total Home Owners
    2,868Estimated Total Renters
    5% / 95%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    6,559Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $6,759,000
    10/8/2019 4:45:00 PM New in Database Source

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    Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 10/23/2019 5:53:50 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use