150 Florida St - Apartments FOR SALE


$799,900 USD
707-592-2852
150 Florida St, Vallejo, CA for Sale
$799,900 USD
Apartments - FOR SALE
1/81
null | 11.53% Cap Rate


HIGHLIGHTS

  • Strong In-Place Yield with Upside (10.25% CAP + Value-Add)
  • Heavy Capital Expenditure Risk Already Addressed
  • Irreplaceable Waterfront Location with Commuter Demand

OVERVIEW

Attention Investors! Major Price Reduction on a FOURPLEX at 144–150 Florida Street in Vallejo! This marina view FOURPLEX features four 2 bedroom, 1 bath units with large balconies overlooking the water. Conveniently located near freeway access, the Yacht Club, and the Ferry Building. Attached is the updated pro forma. One tenant has been in place for more than 10 years and currently pays only $1,000 per month. The other three units are vacant, offering tremendous upside. Recent improvements include a newer roof, updated plumbing, separate water heaters and utility lines, and rebuilt permitted balconies. The property has been heavily discounted to account for approximately $50,000 in dry rot repairs and another $15,000 to complete the interiors of two units. Sold strictly as is. Call me if you or one of your investors is interested. Tom Rapisarda Rapisarda Real Estate (707) 592-2852

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$233 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,975

CAP RATE

11.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0055-094-100

ASK ABOUT THIS PROPERTY

Tom RapisardaRapisarda Real EstateMore Info
707-592-2852

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Tom RapisardaRapisarda Real EstateMore Info
707-592-2852

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