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416 Benicia Rd, Vallejo, CA 94590
Priced at Only: $2,995,000
For more Information Call Mobile: 714.478.6676
Address: 416 Benicia Rd, Vallejo, CA 94590
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416 Benicia Rd
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More Like This
  • MLS#: 41077829 ( )
  • Street Address: 416 Benicia Rd
  • Viewed: 4
  • Price: $2,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1937
  • Bldg sqft: 0
  • Days On Market: 55
  • Additional Information
  • County: SOLANO
  • City: Vallejo
  • Zipcode: 94590
  • Provided by: The Pinza Group, Inc
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Association Fee
  1. 0.00
Construction Materials
  1. See Remarks
Cooling
  1. See Remarks
Heating
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Parcel Number
  1. 0059113300
Sourcesystemkey
  1. 41077829:BMLS
Year Built
  1. 1937
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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