416 Benicia Rd, Vallejo, CA 94590
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Listed Price :
$2,995,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1937
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
416 Benicia Rd |
| City |
Vallejo |
| State |
CA |
| Zip |
94590 |
| County |
Solano |
| Listing Agent |
David Howarth DRE #01360348 |
| Courtesy Of |
The Pinza Group, Inc |
| List Price |
$2,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
9,582 |
| Year Built |
1937 |
Listing information courtesy of: David Howarth, The Pinza Group, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 7th, 2024 at 1:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
