827 Pennsylvania Street

Property Description

Don't miss this fantastic income-producing property in the heart of West Vallejo! Perfectly positioned for seasoned investors or those looking to start their portfolio, this 1912-built, 6-unit property offers a gross scheduled income of $6,388 per month and a competitive 7.10 cap rate. The property boasts an excellent unit mix featuring: two spacious 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently tenant-occupied. The sixth unit is a studio currently utilized as storage, offering a unique value-add opportunity to either retain for owner use or convert back to an active rental to boost your cap rate even further. Tenants enjoy convenient in-unit laundry features and separate electric and gas meters, keeping operating expenses manageable for the owner. Situated on a sizable 6,500 sq. ft. lot, the property also includes a single garage that comes with one unit, off-street, and street parking. Also an alley on back of property as well

Overview

Property Status

For Sale

Lot Size

6,499 Sq.Ft.

MLS ID

326076275

Property Type

Multi-Family

Year Built

1912

Are you interested?

Schedule a Tour

Patrick Brooks

(707) 373-5740 [email protected]

Features & Amenities

Neighborhood

Vallejo

Garage Spaces

1.0

Water Source

Public

Roof

Composition

Lot Features

None, Other

Parking

Garage, Off Street, On Street, Uncovered

Heat Type

Wall Furnace

Air Conditioning

Ceiling Fan(s)

Laundry Room

In Unit

Appliances

Other

Sewer

Public Sewer

Sales Price

$749,900

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 827 Pennsylvania Street, Vallejo, CA 94590

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