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Listed by Patrick Brooks The Company Real Estate
$ 749,900
Est. payment | /mo
3,846 SqFt
$ 749,900
Est. payment | /mo
3,846 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,846 sqft
Price per Sqft $194
MLS Listing ID 326076275
HOA Y/N No
Year Built 1912
Lot Size 6,499 Sqft
Acres 0.1492
Property Sub-Type 5 or More Units
Property Description
Don't miss this fantastic income-producing property in the heart of West Vallejo! Perfectly positioned for seasoned investors or those looking to start their portfolio, this 1912-built, 6-unit property offers a gross scheduled income of $6,388 per month and a competitive 7.10 cap rate. The property boasts an excellent unit mix featuring: two spacious 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently tenant-occupied. The sixth unit is a studio currently utilized as storage, offering a unique value-add opportunity to either retain for owner use or convert back to an active rental to boost your cap rate even further. Tenants enjoy convenient in-unit laundry features and separate electric and gas meters, keeping operating expenses manageable for the owner. Situated on a sizable 6,500 sq. ft. lot, the property also includes a single garage that comes with one unit, off-street, and street parking. Also an alley on back of property as well
Location
State CA
County Solano
Area Vallejo 3
Rooms
Basement Other
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Linoleum, Vinyl
Appliance Other
Laundry In Unit
Exterior
Garage Spaces 1.0
Waterfront Description Public
Roof Type Composition
Total Parking Spaces 3
Private Pool No
Building
Lot Description None, Other
Sewer Public Sewer
Water Public
Others
Tax ID 0058041050
Special Listing Condition Other
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Katie Yearnshaw And Kris Chun
Founder Lic# 1870237