REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 895,000
Est. payment /mo
New
628 Kentucky St Vallejo, CA 94590
6,499 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41139945
HOA Y/N No
Year Built 1900
Lot Size 6,499 Sqft
Property Sub-Type Quadruplex
Property Description
4-unit apartment complex spread across two buildings with great current cash flow and excellent upside. The current cap rate is 8.0% and the current GRM is 9.45. The front building offers an extra large 2bd/1bth house and 1bd/1bth unit and the back building offers two large 2bd/1bth units and a huge basement. 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 at closing making for a perfect set-up for an owner-occupant or investor seeking maximum market rents. 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 well-located property is situated in one of Vallejo's most desirable rental neighborhoods, on a charming tree-lined street surrounded primarily by single-family homes. Tenants enjoy convenient access to downtown Vallejo, an abundance of restaurants, parks, and shopping options. The Vallejo Marina and Mare Island are nearby making this a high demand location for tenants.
Location
State CA
County Solano
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Parking Features Other
Total Parking Spaces 4
Others
Tax ID 0056104110
Listed by David Howarth The Pinza Group, Inc #01360348