30
See all 30 photos
$945,000
Est. payment /mo
6,499 Sqft Lot
Price Dropped by $50K
933 Kentucky St Vallejo, CA 94590
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Vallejo Hills
MLS Listing ID 41109920
HOA Y/N No
Year Built 1992
Lot Size 6,499 Sqft
Property Description
5-unit apartment complex featuring three 2bd/1bth units and two 1bd/1bth units with strong current income. The current cap rate is 6.57% and the current GRM is 10.72. 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. The property is located in an Opportunity Zone providing excellent tax benefits. This is an attractive Vallejo location near a variety of different restaurants, shopping options, Mare Island and the Vallejo Marina. The Dead Fish and The Sardine Can restaurants are nearby along with the Brewery and Distillery on Mare Island. The San Francisco Bay Ferry provides daily service to San Francisco, Sausalito, Tiburon, providing easy access to world-class cities and Giants and Warriors games.
Location
State CA
County Solano
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 5
Others
Tax ID 0056143050
Listed by David Howarth The Pinza Group, Inc
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