Value Add Opportunity. The owners have recently put in approximately $200,000 in upgrades to satisfy the City of Stockton and Fire Dept. codes. These improvements included, but were not limited to all steel fire doors, fire alarms and interior lighting systems, and a new elevator. Motivated Seller. Existing Loan at 2.51%. 20% Cash on Cash Return Using Existing Rents with a 6% vacancy factor.
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