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141-147 Brown St
Vacaville, CA 95688
Multifamily Property For Sale
·
15 Units
PROPERTY FACTS
| No. Units | 15 | Lot Size | 2.72 AC |
| Property Type | Multifamily | Building Size | 8,912 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1951/1980 |
| Building Class | C | ||
| Zoning | RH - Residential High Density | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.72 AC |
| Building Size | 8,912 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/1980 |
| Zoning | RH - Residential High Density |
ABOUT 141-147 BROWN ST , VACAVILLE, CA 95688
The Pinza Group is pleased to present three highly desirable parcels located at 141-147 Brown Street in Vacaville. This 2.76 acre site contains 15 units comprised of four 2bd/1bth cottages, eight 1bd/1bth cottages, one non conforming studio, and two 2bd/1bth single family homes with their own APN's. The properties present a unique opportunity for the next owner renovate the existing structures and continue to make cosmetic improvements to the interiors, and increase rents to market rates going forward.The property is also perfect for redevelopment since the APN's are zoned High Density Commercial and allow roughly 20 apartment/townhouse/condo units for every develop-able acre. The Seller will carry the first loan with $700,000-800,000 down at market rates for a seven year term. Vacaville is conveniently located in Northern California, midway between the San Francisco Bay Area and the Sacramento Capitol District, at the intersection of Interstates 80 and 505. Vacaville has excellent access to the recreation, resources, and markets of both metropolitan areas. Being less than one hour from the Bay Area, Vacaville is a very popular rental market for commuters. Given the immediate upside in income and high commuter rental demand, these properties are well-positioned for consistent cash flow and long-term appreciation. This location makes it ideal for tenant commuters to blend an easy work commute with a short drive to many of California's top destination spots like the Napa and Sonoma Wine Countries, thereby allowing a high-quality lifestyle at an affordable price. Residents of the complex will enjoy easy freeway access,public transportation within easy walking distance, the Southside bike trail a half block away, nearby parks, and nearby shops and restaurants. These tenant benefits should ensure continued high occupancy, strong demand,and further rent growth at the property for a new owner. CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 8 | - | - |
| 2+2 | 2 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,488,344 | |
| Land Assessment | $568,276 | Total Assessment | $2,056,620 |
PROPERTY TAXES
