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ATTRACTIVE SELLER FINANCING AVAILABLE 620 Porter St 4 Unit Apartment Building $839,000 ($209,750/Unit) 6.51% Cap Rate Vallejo, CA 94590
Investment Highlights
- Attractive Seller Financing Available: Only 10% down payment required | 3% interest rate for the first 3 years | Rate adjusts to 6% after 3 years
- (2) Section-8 tenants
- Strong Unit Mix featuring (2) 2BR/1BA units and (2) 1BR/1BA units
- Strong cash-flowing fourplex due to attractive seller financing terms, hard to find in today's market
Executive Summary
Cash-flowing Vallejo Fourplex for sale with very attractive seller financing terms available. Please contact the listing agent at connor@capstone-props.com to receive a full marketing package and to schedule a tour.
Property Facts
| Price | $839,000 | Building Class | C |
| Price Per Unit | $209,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,352 SF |
| Cap Rate | 6.51% | No. Stories | 2 |
| Gross Rent Multiplier | 10.37 | Year Built/Renovated | 1895/2021 |
| No. Units | 4 | Parking Ratio | 0.85/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $839,000 |
| Price Per Unit | $209,750 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 10.37 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,352 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1895/2021 |
| Parking Ratio | 0.85/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0061-071-170 | Improvements Assessment | $624,240 |
| Land Assessment | $270,504 | Total Assessment | $894,744 |
Property Taxes
Parcel Number
0061-071-170
Land Assessment
$270,504
Improvements Assessment
$624,240
Total Assessment
$894,744
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ATTRACTIVE SELLER FINANCING AVAILABLE | 620 Porter St
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