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Vallejo,CA 94590
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Vallejo Hills
MLS Listing ID 41109920
HOA Y/N No
Year Built 1992
Lot Size 6,499 Sqft
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 See Remarks
Cooling See Remarks
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 5
Others
Tax ID 0056143050