409 Carolina St - Multi-Family FOR SALE


Vallejo, CA 94590- West Vallejo
$815,000 USD
415-264-8869
409 Carolina St, Vallejo, CA for Sale
$815,000 USD
Multi-Family - FOR SALE
1/13
null | 6.5% Cap Rate

409 Carolina St
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • 6-unit complex with enclosed grassy campus and lots of upside.
  • 2-4 blocks to downtown & SF Ferry.
  • 90/100 Walking Score with good unit mix

OVERVIEW

Promising, 6-unit complex with enclosed grassy campus and lots of upside. Just 2-4 blocks to downtown & SF Ferry. Garage possibilities as subdivided storage & laundry center. Yard at alley could be converted to off-street, parking revenue. This is a friendly apartment community sharing a community lawn space & with lots of upgrade potential. + Freshly painted exterior. Some units recently renovated + 2-blocks to Provisions - Vallejo’s fave restaurant + 2.5-blocks to Empress Theater + 3-blocks to Saturday Downtown Farmer’s Market + 4-blocks to SF Ferry + Key upgrades could improve revenue $1370-$1530/mo. (1/1 renovation $600/mo., Garage storage units $300-360/mo., Laundry $120/mo., Cottage deck $150/mo., Off-alley assigned parking $200-300/mo. --=-- $1370-1530/mo.--$16k-18k/yr.)

FOR SALE DETAILS

PRICE

$815,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

6

PRICE/UNIT

$135,833

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,415 SF

ZONING

Improved Multi-Family

APN/PARCEL ID

0056-161-010

ASK ABOUT THIS PROPERTY

415-264-8869

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415-264-8869

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