Description of 347 East Flora Street, Stockton, CA 95202

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!

Property Features of 347 East Flora Street, Stockton, CA 95202

TYPE
Other
Year Built
1979
Community
20701
Stories
1
Features
Window unit air conditioner
Wood exterior
Shingle exterior
Stucco exterior
Lot zoned: R-3 Multi Residential
Vinyl flooring
Units in building(s): 52
IDXCourtesy of: Keller Williams Realty, Marlena Buksh. MetroList Terms of Use

Homes for Sale Nearby 347 East Flora Street, Stockton, CA 95202

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2019 MetroList Services, Inc. Based on information from MetroList Services, Inc.