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628 Kentucky St
Vallejo, CA 94590
Vallejo 4-units with Excellent Cash Flow · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4-unit Apartment Complex Spread Across One Large Front 2bd/1bth Unit, a 1bd/1bth Unit and a Detached Duplex in the Rear with Two Large 2bd/1bth Unit
- Easy to Manage, Low Maintenance, Turn-Key Property, Separately Metered For PG&E with Low Annual Operating Expenses
- Attractive Vallejo Location Near Downtown Vallejo, Vallejo Marina, and Mare Island
- Remodeled Units with Newer Kitchens, Bathrooms, Hardwood Floors, and Custom Fixtures
- Front 2bd/1bth Unit and Back 2bd/1bth Unit Delivered Vacant at Closing - Perfect for Owner-Occupants
Executive Summary
4-unit apartment complex featuring a large 2bd/1bth house and 1bd/1bth unit in the front and two large 2bd/1bth units in the back. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back
upper-level 2bd/1bth unit will be delivered vacant making for a perfect set-up for an owner-occupant or investor seeking maximum market rates. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This is a high demand Vallejo rental location on a nice tree-lined street with mostly single-family homes. There are a variety of different restaurants and shopping options nearby and it's a short drive to Mare Island and the Vallejo Marina.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
upper-level 2bd/1bth unit will be delivered vacant making for a perfect set-up for an owner-occupant or investor seeking maximum market rates. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This is a high demand Vallejo rental location on a nice tree-lined street with mostly single-family homes. There are a variety of different restaurants and shopping options nearby and it's a short drive to Mare Island and the Vallejo Marina.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
Property Facts
| Price Per Unit | $223,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8% | Building Size | 3,248 SF |
| Gross Rent Multiplier | 9.45 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 9.45 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,248 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.23/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 - 874 |
| 2+1 | 3 | - | 800 - 1,000 |
Property Taxes
| Parcel Number | 0056-104-110 | Improvements Assessment | $730,663 |
| Land Assessment | $139,436 | Total Assessment | $870,099 |
Property Taxes
Parcel Number
0056-104-110
Land Assessment
$139,436
Improvements Assessment
$730,663
Total Assessment
$870,099
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