140 Drouin Dr - Apartments FOR SALE


Rio Vista, CA 94571
$595,000 USD
510-822-1331
140 Drouin Dr, Rio Vista, CA for Sale
$595,000 USD
Apartments - FOR SALE
1/12
null | 5.7% Cap Rate

140 Drouin Dr
Rio Vista, CA 94571


HIGHLIGHTS

  • Rio Vista Fourplex with Excellent Cash Flow
  • Four Spacious Units Comprised of One 2bd/1bth Unit and Three 1bd/1bth Units with Strong Current Income and Excellent Rental Upside
  • Remodeled Units With Updated Kitchens, Bathrooms, Flooring, Newer Electrical, Plumbing, and More
  • 100% Occupied with Stable East-to-Manage Tenants
  • Separately Metered for PG&E With No Deferred Maintenance and Low Annual Operating Expenses
  • Attractive Location Across from Open Space Near Restaurants, Shopping, and Parks and Recreation Areas

OVERVIEW

4-unit apartment complex offering one 2bd/1bth unit and three 1bd/1bth units with solid current income and excellent future rental upside. The property was built in 1965, offers approximately 2,600 square feet of rental space, and sits on a large 7,670 square foot lot with 11 off-street parking spaces. The property has been remodeled over time and offers updated kitchens, bathrooms, new electrical, new flooring and more. The property is located at the end of a quiet street with only a few neighbors and an open space area behind the property offering maximum privacy. The property is easy to manage, and many units are below market in rent offering considerable upside for the next investor. All deferred maintenance has been addressed and the units are separately metered for PG&E providing for a turn-key property with low annual operating expenses. This is a high demand rental location near a variety of restaurants, shopping centers, and park and recreation areas. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

4

PRICE/UNIT

$148,750

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rio Vista Fourplex with Excellent Cash Flow

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

11

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.