804 Springs, Vallejo, CA 94590
-
Listed Price :
$995,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1967
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Carpet, Wood |
Listing Information
| Address |
804 Springs |
| City |
Vallejo |
| State |
CA |
| Zip |
94590 |
| County |
Solano |
| Listing Agent |
Jatin Mehta DRE #02045713 |
| Co-Listing Agent |
Jonathan Guevarra DRE #02198522 |
| Courtesy Of |
Pellego |
| List Price |
$995,000 |
| Status |
Pending |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
6,509 |
| Year Built |
1967 |
Listing information courtesy of: Jatin Mehta, Jonathan Guevarra, Pellego. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
