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Listed by David Howarth • The Pinza Group, Inc
$ 1,495,000
Est. payment /mo
Active
601 Alabama St Vallejo, CA 94590
3,480 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $429
Subdivision Vallejo Highland
MLS Listing ID 41110303
HOA Y/N No
Year Built 1961
Lot Size 6,500 Sqft
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
8-unit apartment complex with excellent current income and strong rental upside. The property offers eight 1bd/1bth units and is currently 100% occupied. The property was originally built in 1961, offers approximately 3,480 square feet of rental space, and sits on a 6,400 square foot lot with ample room for off-street parking. The interior has been fully remodeled with new kitchens, new bathrooms, new flooring, lighting and more. The exterior also offers numerous upgrades including newer paint, seal coated asphalt, a new roof, new fencing, and newer exterior lighting. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The interior and exterior are in great condition with no deferred maintenance providing an attractive turn-key investment for the next owner. The property is located in an Opportunity Zone providing excellent tax benefits. This is a high-demand location near numerous restaurants, coffee shops and shopping in Downtown Vallejo. The property is only a short drive to HWY 37, the Vallejo Marina, and Mare Island making this a popular rental location.
Location
State CA
County Solano
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
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