926 Georgia St - Apartments FOR SALE


$749,000 USD
510-822-1331
926 Georgia St, Vallejo, CA for Sale
$749,000 USD
Apartments - FOR SALE
1/30
null | 5.95% Cap Rate


HIGHLIGHTS

  • 3-Unit Apartment Complex Consisting Of One 1250 Square Foot 2bd/1bth Top Unit And Two 965 Square Foot Lower 1bd/1bth Units
  • Vacant 1bd/1bth Unit - Perfect for Owner Occupants
  • Strong Cash Flow with Excellent Rental Upside
  • Well Managed Property With No Deferred Maintenance, Stable Tenants, And Low Annual Operating Expenses
  • Attractive Vallejo Location Near Historic District, Many Restaurants, Coffee Shops, And Mare Island
  • Spacious Backyard With Separate Garage Parking

OVERVIEW

3-unit apartment complex consisting of one large 2bd/1bth top unit and two 1bd/1bth bath lower units with strong current cash flow. Currently, there is one vacant unit making for a perfect set-up for owner occupants. The property was originally built in 1925, offers approximately 3,180 square feet of living space, and sits on a 6,240 square foot lot with a landscaped backyard and parking for three cars. The units have been updated and offer newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, in-unit laundry, and more. All known maintenance issues have been addressed, and the property is separately metered for PG&E providing low annual operating expenses. Property management is relatively easy and the building rents fast when there’s a vacancy. This is a high demand Vallejo location near various restaurants, coffee shops, and grocery stores in the Historic District. Nearby attractions include Cal Maritime Academy, Grocery Outlet, and the Mare Island waterfront. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

3

PRICE/UNIT

$249,667

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extra Large Vallejo Triplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,240 SF

ZONING

-

APN/PARCEL ID

0056-211-130

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.