627 Maine St - Apartments FOR SALE


Vallejo, CA 94590- West Vallejo
$750,000 USD
510-822-1331
627 Maine St, Vallejo, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/35
null | 10.64% Cap Rate

627 Maine St
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • 4-unit Apartment Complex Featuring One 3bd/1bth Unit, Two 2bd/1bth Units, and One 1bd/1bth Units with Excellent Cash Flow Potential
  • Remodeled Units with Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, and More
  • Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
  • Attractive Location Near Downtown Vallejo, Mare Island and the Vallejo Marina
  • Three Vacant Units – Perfect for Owner Occupants or Investors

OVERVIEW

4-unit apartment complex featuring one 3bd/1bth unit, two 2bd/1bth units, and one 1bd/1bth unit with excellent cash flow potential. The property was originally built in 1900, offers approximately 2,965 square feet of rental space, and sits on a 6,500 square foot lot with off-street parking, on-site laundry, and a large basement. The building has been well managed and most of the units have been updated with newer kitchens, bathrooms, wood floors, custom molding and lighting, and more. Currently, there are three vacant units – ideal for owner-occupants or investors seeking max market rates. This is a perfect opportunity for an owner-occupant, contractor, or investor who’s looking to acquire a large property at a below market price in a rapidly improving neighborhood with excellent long-term potential. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

10.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Units with 10.64% Cap Rate and 7.38 GRM

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

-

APN/PARCEL ID

0056-234-050

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.