$ 995,000
804 Springs Vallejo, CA 94590
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 995,000
Est. payment /mo
Pending
804 Springs Vallejo, CA 94590
6,507 Sqft Lot
UPDATED:
09/30/2024 06:12 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 41071164
HOA Y/N No
Year Built 1967
Lot Size 6,507 Sqft
Acres 0.1494
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
Location
State CA
County Solano
Interior
Heating Natural Gas
Flooring Carpet, Wood
Fireplace No
Exterior
Garage None
Parking Type None
Total Parking Spaces 6
Building
Sewer Public Sewer
Others
Tax ID 0057122020
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Jatin Mehta • Pellego