320-322 Evans Ave - Apartments FOR SALE


Vallejo, CA 94590- West Vallejo
$895,000 USD
510-822-1331
320-322 Evans Ave, Vallejo, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/35
null | 8.55% Cap Rate

320-322 Evans Ave
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • Multi-Parcel Investment Including One Single-family Home, Three Apartment Units, and Two RV Spaces
  • The Unit Mix Includes one 3bd/1bth Single-Family House, Two 2bd/1bth Units, One Studio Unit
  • Two Separate Parcels with a Lot Size of 10,454 SqFt
  • 30-Year Residential Financing Available on Both Parcels
  • Remodeled Units with Newer Kitchens, Bathrooms, Wood Flooring, Custom Fixtures, and Double Pane Windows
  • Easy to Manage Property, Separately Metered For PG&E with Low Operating Expenses

OVERVIEW

4-unit multifamily residential investment spread across two parcels featuring one 3bd/1bth single-family home, one duplex with two 2bd/1bth units, one studio unit, and two potential RV units. The current cap rate is 8.55% and the current GRM is 8.76. The properties were built in 1928, offer approximately 2,885 square feet of living space, and sit on a combined lot size of 10,454 square feet. The units have been remodeled and offer newer kitchens, bathrooms, wood floors, custom fixtures, upgraded electrical and plumbing, new paint, and no deferred maintenance. The rear duplex and studio units have separate backyards with ample parking space. The property has been historically easy to manage and is separately metered for PG&E providing for low annual operating expenses. The property will be delivered 75% vacant making this a perfect opportunity for an owner-occupant, extended family, or investor seeking maximum market rents. The two parcels create a rare opportunity to maximize the cash flow potential and offer development potential. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

8.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Evans Ave Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,106 SF

ZONING

-

APN/PARCEL ID

0059-124-140,0059-124-150

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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