416 Benicia Rd

Vallejo, CA 94590

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 9582
    Sqft(Lot)
$2,995,000

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.

  • Property Type

    Residential Income

  • County

    Solano

  • Style

    Residential Income

  • AD ID

    47506215

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Cooling Features

    • See Remarks
    • Air Conditioning

    Heating Source

    • See Remarks
    • Has Heating

  • Building Information

    • Year Built: 1937
    • Construction: See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.22
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 9582

  • Listing Price Information

    • Original List Price: 2,995,000
    • Listing Contract Date: 2024-10-31

    Lease Information

  • Tax Information

    • Parcel Number: 0059113300

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Directions: Starr Ave Right on Benicia Rd Cross Street: Starr Ave.
    • Source Property Type: Residential Income

    Building and Construction

    • Property Age: 87
    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/19/2024 @ 13:30

  • MLS: 41077829
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 9,582 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Vallejo , in zip code 94590, this Solano County Home , it is in the VALLEJO HIGHLAND Subdivision, are nearby neighborhoods.