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    912 Marin St

    Vallejo, CA 94590
    • $1,495,000
    • STATUS: Active
    • ON SITE: 1 days
    • ID#: BE40925915
    New On Site 1 Day Ago
    UPDATED: 62 min ago
    $1,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,150
      SQFT
    • $243
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Remodeled 8-unit apartment complex in Vallejo's downtown retail district. 7.05% cap rate and 11.09 GRM on current rents. The property consists of two buildings offering two 2bd/1bth units, four 1bd/1bth units, including one bonus unit, and two live/work retail units. Many were remolded in 2014 offering new granite countertops, kitchen cabinets, flooring, double pane windows, a tankless water heater, a new roof, and new electrical system. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. The tenant base is stable and many units have below market rent offering significant rental upside for the next owner. The rear vacant lot is also for sale providing for development potential, additional parking, etc. The property offers an excellent location near many restaurants, shopping, churches, the ferry, and Mare Island marina.

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    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-10-20T15:48:33.827. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Live Play Silicon Valley | Keller Williams Realty Silicon Valley.

    Licensed in the State of California.
    siliconvalley.liveplayrealestate.com/homes/111135439
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    912 Marin St Vallejo, CA 94590

    • Price: $1,495,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: BE40925915
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,150
    SQFT
    $243
    $/SQFT
    1912
    Built
    Neighborhood:
    Solano County
    County:
    Solano
    Area:
    Solano County
    Property Description
    Remodeled 8-unit apartment complex in Vallejo's downtown retail district. 7.05% cap rate and 11.09 GRM on current rents. The property consists of two buildings offering two 2bd/1bth units, four 1bd/1bth units, including one bonus unit, and two live/work retail units. Many were remolded in 2014 offering new granite countertops, kitchen cabinets, flooring, double pane windows, a tankless water heater, a new roof, and new electrical system. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. The tenant base is stable and many units have below market rent offering significant rental upside for the next owner. The rear vacant lot is also for sale providing for development potential, additional parking, etc. The property offers an excellent location near many restaurants, shopping, churches, the ferry, and Mare Island marina.
    Exterior Features

    Building Type Other Exterior Other Garage Parking Other Lot Description Other Roof Other Yard Grounds Other

    Interior Features

    Cooling Other Flooring Carpet - Wall To WallTileWood Heating Other Laundry Other Structure Sq Ft 6150

    Property Features

    Additional Listing Info NewNot Applicable Amenities Other City Name Vallejo Cross Street Carolina Street Energy Saving Features Other Hoa Amenities Other Lot Size Area Maximum 3233.00 Property Sub Type Mixed Use Or Other Multi-Unit Sewer Septic Sewer - Public Sq Ft Source Other Water Public

    © 2020 MLSListings Inc. All rights reserved. Listing provided courtesy of David Howarth of The Pinza Group, Inc.


    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-10-20T15:48:33.827. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Live Play Silicon Valley | Keller Williams Realty Silicon Valley.

    Licensed in the State of California.
     
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