1135 Florida Street

Description

Excellent cash flow property in central Vallejo near Amador Park. This unique 7-unit apartment building consists of five (5) units in the front building on Florida St and two (2) additional units over four (4) individual 1-car garages in the back building on Lozier Alley. Consisting of one (1) spacious 3-bedroom unit, two (2) 2-bedroom units, three (3) 1-bedroom units and one (1) studio, this great investment property features a shared central courtyard and separate meters for gas and electric. There is also a separate room with laundry hookups if a new owner wants to generate additional income. Most units have been upgraded over the years and the property has been consistently maintained under the current ownership. With strong in-place rents, this investment provides a new owner with strong fundamentals for long term value and income appreciation, as well as the tax benefits that come with investment real estate ownership.