Description
Don't miss this fantastic income-producing property in the heart of West Vallejo! Perfectly positioned for seasoned investors or those looking to start their portfolio, this 1912-built, 6-unit property offers a gross scheduled income of $6,388 per month and a competitive 7.10 cap rate. The property boasts an excellent unit mix featuring: two spacious 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently tenant-occupied. The sixth unit is a studio currently utilized as storage, offering a unique value-add opportunity to either retain for owner use or convert back to an active rental to boost your cap rate even further. Tenants enjoy convenient in-unit laundry features and separate electric and gas meters, keeping operating expenses manageable for the owner. Situated on a sizable 6,500 sq. ft. lot, the property also includes a single garage that comes with one unit, off-street, and street parking. Also an alley on back of property as well
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2BEDS
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0.15ACRES
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2BATHS
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01/2 BATHS
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3,846SQFT
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$195$/SQFT
School Ratings & Info
Description
Don't miss this fantastic income-producing property in the heart of West Vallejo! Perfectly positioned for seasoned investors or those looking to start their portfolio, this 1912-built, 6-unit property offers a gross scheduled income of $6,388 per month and a competitive 7.10 cap rate. The property boasts an excellent unit mix featuring: two spacious 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently tenant-occupied. The sixth unit is a studio currently utilized as storage, offering a unique value-add opportunity to either retain for owner use or convert back to an active rental to boost your cap rate even further. Tenants enjoy convenient in-unit laundry features and separate electric and gas meters, keeping operating expenses manageable for the owner. Situated on a sizable 6,500 sq. ft. lot, the property also includes a single garage that comes with one unit, off-street, and street parking. Also an alley on back of property as well
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