370 Butcher Rd - Apartments FOR SALE


Vacaville, CA 95687
$4,835,000 USD
415-625-2117
370 Butcher Rd, Vacaville, CA for Sale
$4,835,000 USD
Apartments - FOR SALE
1/19
null | 8.25% Cap Rate

370 Butcher Rd
Vacaville, CA 95687


HIGHLIGHTS

  • Superior Vacaville location, near Alamo Drive retail and shopping.
  • Large central courtyard and pool, three dedicated laundry rooms.
  • Spacious lot with park-like setting, on-site rental office and ample parking.
  • Property on well-water. Development potential when combined with surrounding parcels.

OVERVIEW

Part of larger ten property portfolio sale that is subject to Court Approval. Non Disclosure Agreement Required prior to review of Offering Memorandum and financial information. Properties offered individually or as part of portfolio. The Vaca Villa Apartments at 370 Butcher Road, Vacaville, CA is a two-story of wood frame building with stucco siding, a pitched composite roof, and open parking (asphalt). The property is on a spacious 84,506 square foot parcel with a park-like setting and a well-kept central courtyard. The property was constructed circa. 1962 with forty-units per public records and a total gross square footage of 28,944. The Vaca Villa unit mix consists of (32) 1Br/1-Bath and (8) 2Br/1-Bath apartments, with selective units having patios over the laundry rooms. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, electric stoves, garbage disposals, ceiling fans, and gas-wall heaters. Some interior electric panels have been upgraded, with older units on fuses and a portion of the upgraded units possessing interior electric panels of circuit breakers (upgraded from fuses). Each unit is separately metered for PG&E, with utility bill-back to tenants in place, thus ensuring predictable steady operations for the new buyer with minimal expenses. The Subject property is in Vacaville, CA in a superior location directly across the street (south) from Hwy 80 and on the edge (east) of Lagoon Valley Park a vast hiking and recreation area. Superior location, on quite tree lined street that dead ends at Lagoon Valley Park the property has an appealing ambiance and setting with attractive landscaping, and ivy-covered central courtyard with a swimming pool and gazebo.

FOR SALE DETAILS

PRICE

$4,835,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

40

PRICE/UNIT

$120,875

CAP RATE

8.25%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vaca Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

CG, Vacaville

APN/PARCEL ID

0127-070-310

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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