308 Florida St - Multi-Family FOR SALE


$599,000 USD
510-847-1004
308 Florida St, Vallejo, CA for Sale
$599,000 USD
Multi-Family - FOR SALE
1/16
null | 5.53% Cap Rate


HIGHLIGHTS

  • High In-Place Income with Low Maintenance
  • Tenants Pay PG&E
  • (2) Large 2 Bed / 1 Bath Units w/ Laundry Hookups
  • New Water Heater & Furnaces
  • Prime Vallejo Location just 3 minutes (0.7 miles) from the Ferry Building

OVERVIEW

Property Description Introducing a prime investment opportunity in Vallejo, CA - a meticulously maintained 1,776 SF multifamily property with two spacious 2 bed/1 bath units. With a strong rental history and 100% occupancy, this property offers high in-place income, along with tenants responsible for PG&E. Featuring laundry hookups in both units, new water heaters and furnaces, and a roof in good condition, this property provides investors with minimal maintenance costs. Boasting a sought-after location just 3 minutes from the Ferry Building, this low-rise gem presents an enticing opportunity for the savvy investor seeking a turnkey income generator in a thriving market. Location Description Located in the vibrant city of Vallejo, CA, the area surrounding the property offers a wealth of attractions and amenities. Just minutes away, residents can enjoy the Vallejo Ferry Building, providing easy access to San Francisco and its numerous job opportunities and entertainment options. The Vallejo Waterfront Park is also within close reach, offering a picturesque escape with walking paths and scenic views. Nearby dining options include popular local eateries such as The Sardine Can and Front Room at the Wharf, ensuring a diverse culinary scene for residents to explore. With its convenient proximity to these attractions and more, this location presents an enticing opportunity for multifamily investors seeking a dynamic and attractive rental market.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

-

APN/PARCEL ID

0055-104-190

ASK ABOUT THIS PROPERTY

Marco McMullenNAI Northern CaliforniaMore Info
510-847-1004

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

Marco McMullenNAI Northern CaliforniaMore Info
510-847-1004

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