The Flora Apartments | 419 W Flora St
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The Flora Apartments 419 W Flora St
10 Unit Apartment Building $1,706,400 CAD ($170,640 CAD/Unit) 7.21% Cap Rate Stockton, CA 95203
Investment Highlights
- Stabilized, turnkey apartment asset with a 7.21% cap rate on current income, priced well below replacement cost.
- HD camera security system.
- Primarily made up of 1x1s, Downtown Stockton’s most popular unit type.
- Recent improvements include exterior paint and 8 of the 10 units being remodeled.
Executive Summary
Colliers Central Valley Investment Team is pleased to present the Flora Apartments. This 10-unit complex is nestled near Stockton’s desirable Downtown Waterfront district. Professionally maintained and improved far above the standards of nearby properties, this asset provides an investor with a stable income stream and very low management responsibility. The asset is 100% occupied at near market rents, providing an investor with north of a 7% return on current net operating income, with room to grow! The property is made up of Ten (10) units; Eight (8) are 1-bedroom, 1-bathroom units, approximately 482 square feet and Two (2) 2-bedroom, 1-bathroom units, approximately 670 square feet.
Located midblock between N. Lincoln and N. Van Buren, the Flora Apartments provides residents easy access to major thoroughfares such as I-5, HWY 4 and HWY 99, as well as the Downtown Waterfront Entertainment District, home to Adventist Health Arena (home to many professional sports teams), Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Weber Point (an outdoor events center).
Located midblock between N. Lincoln and N. Van Buren, the Flora Apartments provides residents easy access to major thoroughfares such as I-5, HWY 4 and HWY 99, as well as the Downtown Waterfront Entertainment District, home to Adventist Health Arena (home to many professional sports teams), Banner Island Ballpark (home of the Stockton Ports Baseball Team), and Weber Point (an outdoor events center).
Property Facts
| Price | $1,706,400 CAD | Apartment Style | Low Rise |
| Price Per Unit | $170,640 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.21% | Building Size | 5,196 SF |
| Gross Rent Multiplier | 8.38 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Price | $1,706,400 CAD |
| Price Per Unit | $170,640 CAD |
| Sale Type | Investment |
| Cap Rate | 7.21% |
| Gross Rent Multiplier | 8.38 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,196 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.92/1,000 SF |
Site Amenities
- Laundry Facilities
- Security System
- Video Patrol
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 482 |
| 2+1 | 2 | - | 670 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 137-165-10 | Improvements Assessment | $852,290 CAD |
| Land Assessment | $283,587 CAD | Total Assessment | $1,135,877 CAD |
PROPERTY TAXES
Parcel Number
137-165-10
Land Assessment
$283,587 CAD
Improvements Assessment
$852,290 CAD
Total Assessment
$1,135,877 CAD
zoning
| Zoning Code | Low Density Residential |
| Low Density Residential |
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The Flora Apartments | 419 W Flora St
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