102-116 Avian Dr
Vallejo, CA 94591
8 Town Homes in Vallejo for Less Than 10 GRM · Multifamily Property For Sale · 8 Units

102-116 Avian Dr. is an 8-unit townhome complex perched upon the rolling hills of North-East Vallejo. The 18,630 square foot lot has only one directly adjacent building, on the northern property line, and behind the property is an expansive open field. All 8 units are identical in layout and feature a kitchen, half bath and living/dining room on the top floor with 2 bedrooms and full bath on the lower level. Each unit also features, two wall heaters, laundry hook-ups and individual balconies. All units receive one dedicated carport and there are 5 storage lockers available for tenant use. Three of the units have been recently remodeled and many of the building's windows have been replaced with energy efficient dual-pane vinyl windows. Current rents are approximately 15% below market, allowing a new owner to increase rents to market levels and achieve a projected cash-on-cash return of 10.2%. 102-116 Avian Dr. is located in North-East Vallejo close to the Blue Rock Springs golf community. The property has excellent access to Hwy. 80, 780 and Columbus Pkwy. allowing commuters a quick and direct route the greater Bay Area. North-East Vallejo is attractive to families and those with kids as there are several schools, spanning from Elementary to High School, within walking distance. The unit mix at Avian Dr. is attractive for those with school-aged children. The property is also within walking distance to many everyday needs and services. The Springhill Shopping Center which features a Walgreen's and several fast-casual restaurants is just across Springs Rd. Furthermore, there are several major shopping centers, grocery stores, recreational and entertainment opportunities within a short drive.