110 Hilborn Ave - Apartments FOR SALE


Vallejo, CA 94590
$2,045,000 USD
916-659-8277
110 Hilborn Ave, Vallejo, CA for Sale
$2,045,000 USD
Apartments - FOR SALE
1/33
null | 7.06% Cap Rate

110 Hilborn Ave
Vallejo, CA 94590


HIGHLIGHTS

  • New Exterior Paint
  • Sub 6% Interest Rate Loan Quote
  • Four 1x1 Units/Four 2x1 Units/One 2x1 SFR
  • On-Site Laundry & Storage
  • Going-In 7.06% Cap Rate/9.56 GRM
  • Elevated West Facing Views

OVERVIEW

Gravitas CRE is pleased to present the 9 units located in a desirable area of Vallejo known as Vallejo Heights. The property is located at 110 Hilborn Street, Vallejo. The subject property was reportedly built in 1955 and consists of four (4) 1x1 units, four (4) 2x1 units and one (1) 2x1 SFR with a garage and yard space. Each unit comes with a tuck-under parking space and storage area. There is also an on-site laundry facility for tenants' convenience. Unit interiors include upgraded kitchens, flooring, bathrooms, and paint. Additionally, the exterior of the main building (8) units has been painted within the last 6 months. The front single-family home has also undergone extensive upgrades in the last 12 months including all new kitchen, flooring, bathroom, new fence and landscaping. The Vallejo Heights Apartments enjoys an elevated setting with West facing views of the Napa River and Vallejo waterfront. The strong in-place rent roll represents a 9.56 current GRM and a 7.06% cap rate. Please reach out to Marc Guillon for the offering memo.

FOR SALE DETAILS

PRICE

$2,045,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

9

PRICE/UNIT

$227,222

CAP RATE

7.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vallejo Heights Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

0051-204-380

ASK ABOUT THIS PROPERTY

Marc GuillonGravitas Commercial Real EstateMore Info
916-659-8277

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Marc GuillonGravitas Commercial Real EstateMore Info
916-659-8277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.