CA > Vallejo
Vallejo, CA 94590,416 Benicia Rd
Vallejo, CA 94590,416 Benicia Rd
Vallejo, CA 94590,416 Benicia Rd
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,995,000
Est. payment /mo
9,583 Sqft Lot
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UPDATED:

11/07/2024 01:21 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41077829

HOA Y/N No

Year Built 1937

Lot Size 9,583 Sqft

Property Description

www.416BeniciaRd.com; 16-unit apartment complex spread across two parcels with 8 units per parcel. The current cap rate is 6.98% and the current GRM is 9.29. The unit mix consists of 5 2bd/1bth units, 8 1bd/1bth units, and 3 studio units with strong current cash flow and excellent rental upside. Seller financing is being offered with excellent terms. The property was originally built in 1937, offers approximately 11,803 square feet of living space, and sits on a 9,582 square foot combined lot with off-street parking. Many units have been remodeled over time and offer new kitchen and bathrooms, new paint, new double pane windows, and more. The property is easy to manage, all the tenants are current on rent, and an onsite property manager is not legally required due to the property having only 8 units per parcel. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive, turn-key investment.

Location

State CA

County Solano

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 16

Others

Tax ID 0059113300

Read Less Info
California Regional MLS (CRMLS)
Listed by David Howarth • The Pinza Group, Inc

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