324 Idora Ave - Multi-Family FOR SALE


Vallejo, CA 94591- East Vallejo
$495,000 USD
510-822-1331
324 Idora Ave, Vallejo, CA for Sale
$495,000 USD
Multi-Family - FOR SALE
1/22
null | 7.28% Cap Rate

324 Idora Ave
Vallejo, CA 94591
East Vallejo


HIGHLIGHTS

  • Two Separate Detached Homes on a Large 6,969 Square Foot Lot with a Private Backyard
  • One 2bd/1bth House and One 1bd/1bth House with Private Backyard
  • Both Homes Vacant - Perfect for Owner-Occupants
  • Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, Double Pane Windows, and More
  • Easy to Manage Property, Separately Metered for Electric and Gas, with Low Annual Operating Expenses
  • Attractive Vallejo Location Near Many Restaurants, Schools, Parks, with Easy Access to Hwy 80 and HWY 780

OVERVIEW

Remodeled duplex with excellent cash flow potential! The property features two detached units with one 2bd/1bth house and one 1bd/1bth house. The property was originally built in 1930, offers approximately 1,274 square feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The front house is now rented for $2,550 and the back house is vacant. The units have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is a high-demand rental location in Vallejo near many restaurants, parks, schools, and shopping options. The block is very nice and surrounding by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

2

PRICE/UNIT

$247,500

CAP RATE

7.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Duplex - Two Houses on Large Lot

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

0074-041-110

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.