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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$895,000

Est. payment - /mo

6,499 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41139945

HOA Y/N No

Year Built 1900

Lot Size 6,499 Sqft

Property Sub-Type Quadruplex

Property Description

4-unit apartment complex spread across two buildings with great current cash flow and excellent upside. The current cap rate is 8.0% and the current GRM is 9.45. The front building offers an extra large 2bd/1bth house and 1bd/1bth unit and the back building offers two large 2bd/1bth units and a huge basement. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back upper-level 2bd/1bth unit will be delivered vacant at closing making for a perfect set-up for an owner-occupant or investor seeking maximum market rents. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This well-located property is situated in one of Vallejo's most desirable rental neighborhoods, on a charming tree-lined street surrounded primarily by single-family homes. Tenants enjoy convenient access to downtown Vallejo, an abundance of restaurants, parks, and shopping options. The Vallejo Marina and Mare Island are nearby making this a high demand location for tenants.

Location

State CA

County Solano

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Parking Features Other

Total Parking Spaces 4

Others

Tax ID 0056104110

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Listed by David Howarth The Pinza Group, Inc #01360348

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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628 Kentucky St Vallejo, CA 94590

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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