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Additional details
Listed by David Howarth • The Pinza Group, Inc
$995,000
Est. payment /mo
4,114 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,114 sqft
Price per Sqft $241
Subdivision Vallejo Hills
MLS Listing ID 41109920
HOA Y/N No
Year Built 1992
Lot Size 6,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
5-unit apartment complex featuring three 2bd/1bth units and two 1bd/1bth units with excellent rental upside. The property offers approximately 4,145 square feet of rental space and sits on a 6,500 square foot lot with three garages and two off-street parking spaces. Seller financing is available for well qualified buyers. The units have been remodeled over time and feature updated kitchens and bathrooms with hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for water and PG&E providing for low annual operating expenses. Currently, the property is 100% leased to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for significantly increased cash flow. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential. This is a high demand Vallejo location on a nice tree-lined street with mostly single-family homes. There are a variety of restaurants and shopping options nearby and the property is only a short distance to downtown Vallejo, Vallejo Marina, and Mare Island.
Location
State CA
County Solano
Interior
Heating Other
Cooling Other
Flooring Tile, Carpet, Wood
Fireplace No
Building
Lot Description Other
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Vicky Van Brocklin
Broker | License ID: 01512910
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