628 Kentucky St - Apartments FOR SALE


$895,000 USD
510-822-1331
628 Kentucky St, Vallejo, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/27
null | 8% Cap Rate


HIGHLIGHTS

  • 4-unit Apartment Complex Spread Across One Large Front 2bd/1bth Unit, a 1bd/1bth Unit and a Detached Duplex in the Rear with Two Large 2bd/1bth Unit
  • Remodeled Units with Newer Kitchens, Bathrooms, Hardwood Floors, and Custom Fixtures
  • Easy to Manage, Low Maintenance, Turn-Key Property, Separately Metered For PG&E with Low Annual Operating Expenses
  • Front 2bd/1bth Unit and Back 2bd/1bth Unit Delivered Vacant at Closing - Perfect for Owner-Occupants
  • Attractive Vallejo Location Near Downtown Vallejo, Vallejo Marina, and Mare Island

OVERVIEW

4-unit apartment complex featuring a large 2bd/1bth house and 1bd/1bth unit in the front and two large 2bd/1bth units in the back. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back upper-level 2bd/1bth unit will be delivered vacant making for a perfect set-up for an owner-occupant or investor seeking maximum market rates. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This is a high demand Vallejo rental location on a nice tree-lined street with mostly single-family homes. There are a variety of different restaurants and shopping options nearby and it's a short drive to Mare Island and the Vallejo Marina. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vallejo 4-units with Excellent Cash Flow

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

-

APN/PARCEL ID

0056-104-110

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.