926 Georgia StVallejo, CA 94590
VALLEJO HILLS · Solano County
Description
HUGE 3-unit apartment complex consisting of one large 2bd/1bth top unit and two 1bd/1bth bath lower units with strong current cash flow and excellent rental upside. Current cap rate is 5.95% and the current GRM is 11.82 and the price/square foot is only $235! One unit will be delivered vacant at closing unit making for a perfect set-up for owner occupants. The property was originally built in 1925, offers approximately 3,180 square feet of living space, and sits on a 6,240 square foot lot with a large landscaped backyard and parking for three cars. The units have been updated and offer newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, in-unit laundry, and more. All known maintenance issues have been addressed, and the property is separately metered for electric and gas, providing low annual operating expenses. Property management is easy and the building rents fast when there’s a vacancy. This is a high demand rental location that's walking distance to many restaurants, coffee shops, and grocery stores in the Historic District and only a short distance to the Mare Island waterfront and Vallejo marina.
Property Information
- Property type
- Residential Income
- Sub-type
- Triplex
- Year built
- 1925
- Living area
- 3,180 Sq Ft
- Lot size
- 0.14 acres
- Parking spaces
- 3
- Days on market
- 177
- MLS® Listing#
- 41129724
Property Features
- Exterior
- Other
- Cooling
- Other
- Heating
- Other
- Flooring
- Wood
- Basement
- Other
- Parking
- Other
- Lot features
- Other
- Construction
- Other
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 0056211130
Directions
Alameda St right on Georgia St
Listing Courtesy: The Pinza Group, Inc - 5107254775
Presented by: David Howarth
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