The subject property known as the Alabama Apartments is an immaculately maintained apartment building in an up and coming Vallejo location. This opportunity presents a stunning and refreshed apartment building, which will provide for high income and low headache for the next owner.
The Alabama is well located in Vallejo, just a few minutes away from Highway 37, which allows an easy commute to Marin employment centers, and is also located just a few minutes from direct Ferry service to downtown San Francisco employment. The strategic location ensures a constant demand from tenants and the property has historically operated at or near 100% occupancy.
The unit mix is eight one-bedroom/one bath which are all remodeled with new floors, appliances, paint, bathrooms, kitchens, and updated fixtures. As such, the existing rents at the property have additional upside, giving a new owner the ability to raise rents at the property in the future upon lease expiration. The Alabama boasts numerous features and amenities including a full exterior remodel including fresh paint, seal coated asphalt, new roof, new fencing, and exterior lighting. There are also washer dryer hookups which can increase the monthly revenue.
The subject property is located adjacent to one of Vallejo' s largest employment centers which is the Solano County Superior Court, District Attorney' s Office along with County Employment Services, and County Public Health Department. Additionally, there are two SolTrans bus stops right outside the front door, easy access to HWY 80 and the Ferry to SF located down Georgia St.
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