933 Kentucky St - Apartments FOR SALE


Vallejo, CA 94590- West Vallejo
$995,000 USD
510-822-1331
933 Kentucky St, Vallejo, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/12
null | 6.19% Cap Rate

933 Kentucky St
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • Showing: Thursday 7/17 from 12:00-1:00pm
  • 5-Unit Apartment Complex Featuring Three Large 2bd/1bth Units and Two Large 1bd/1bth Units
  • Separately Metered For Water and PG&E with Low Annual Operating Expenses
  • 100% Occupied with Stable Month-to-Month Tenants
  • Seller Financing Available with Excellent Terms
  • Remodeled Units with New Paint, Newer Kitchens and Bathrooms, Hardwood Floors, and Custom Fixtures

OVERVIEW

5-unit apartment complex featuring three 2bd/1bth units and two 1bd/1bth units with strong current income and excellent seller financing. The property offers approximately 4,145 square feet of rental space and sits on a 6,500 square foot lot with three garages and two off-street parking spaces. The units have been remodeled over time and feature updated kitchens and bathrooms with hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for water and PG&E providing for low annual operating expenses. Currently, the property is 100% leased to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for significantly increased cash flow. This is an attractive Vallejo location on a nice tree-lined street with mostly single-family homes. There are a variety of different restaurants and shopping options nearby and the property is only a short distance to downtown Vallejo, Vallejo Marina, and Mare Island making this a popular rental location. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

6.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Remodeled 5-Units with Seller Financing

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,754 SF

ZONING

-

APN/PARCEL ID

0056-143-050

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 Policy.