1901-1911 Sonoma Blvd - Apartments FOR SALE


Vallejo, CA 94590- West Vallejo
$2,100,000 USD
510-822-1331
1901-1911 Sonoma Blvd, Vallejo, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/15
null | 8.41% Cap Rate

1901-1911 Sonoma Blvd
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • 12-unit Apartment Complex Featuring One 3bd/1bth unit, One 2bd/1bth Unit, Nine 1bd/1bth Units, and One Studio
  • Excellent Seller Financing Available with 3.0% I.O. for Years 1-2, 4.0% I.O. for Years 3-4 and 5.0% I.O. for Year 5
  • Separate Parcel (536 Capitol St) Included in Sale with Over 15 Parking Spaces
  • Easy to Manage Property - Separately Metered for PG&E with Low Operating Expenses
  • Remodeled Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows

OVERVIEW

12-unit apartment complex with excellent current income and strong rental upside. The units mix offers one 3bd/1bth unit, one 2bd/1bth unit, nine 1bd/1bth units and one studio unit. The property was originally built in 1921, offers approximately 9,200 square feet of rental space, and sits on a combined lot size of 13,000 square feet. The sale also includes the vacant lot next door at 536 Capitol St which is currently being used for 15+ parking spaces and provides an interesting development opportunity. The units have been remodeled over time and feature upgraded kitchens, bathrooms, wood flooring, custom fixtures, and newer paint. The property is easy to manage, separately metered for gas and electric, with low annual operating expenses. Seller financing is available for well qualified buyers with 25% down payment, 3.0% Interest Only for years 1-2, 4.0% for years 3-4, and 5.0% for the 5th year. This is a high-demand Vallejo location only a few blocks to the restaurants and coffee shops in Downtown Vallejo and a short distance to Mare Island and the Vallejo Marina and the San Francisco Bay Ferry Terminal. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

12

PRICE/UNIT

$175,000

CAP RATE

8.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units with 3.0% Seller Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,000 SF

ZONING

CP, Vallejo

APN/PARCEL ID

0056-163-090,0056-163-100

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 Notice.