Vallejo, CA94590
| 0 sqft | MLS# 41109920
Tract: VALLEJO HILLS
For Sale $995,000
Description
5-unit apartment complex featuring three 2bd/1bth units and two 1bd/1bth units with strong current income. The current cap rate is 6.19% and the current GRM is 11.28. Excellent seller financing is available for well qualified buyers. The property offers approximately 4,145 square feet of rental space and sits on a 6,500 square foot lot with three garages and two off-street parking spaces. The units have been remodeled over time and feature updated kitchens and bathrooms with hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for water and PG&E providing for low annual operating expenses. Currently, the property is 100% leased to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for significantly increased cash flow. This is a perfect opportunity for an investor to acquire a turn-key property in a great neighborhood that's always in high demand with tenants. There are a variety of restaurants and shopping options nearby and the property is only a short distance to downtown Vallejo, Vallejo Marina, and Mare Island.
Facts
| Built in 1992 | Lot Size: 6500.00 sqft | HOA Dues: $0/month
Features
Listing provided by David Howarth, The Pinza Group, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of September 19, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.