628 Kentucky St, Vallejo, CA 94590
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628 Kentucky St, Vallejo, CA 94590
628 Kentucky St, Vallejo, CA 94590
628 Kentucky St, Vallejo, CA 94590
628 Kentucky St, Vallejo, CA 94590
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Listed by David Howarth • The Pinza Group, Inc
$ 895,000
Est. payment /mo
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628 Kentucky St Vallejo, CA 94590

3,248 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,248 sqft

Price per Sqft $275

MLS Listing ID 41139945

HOA Y/N No

Year Built 1900

Lot Size 6,500 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

Property Description

4-unit apartment complex spread across two buildings with great current cash flow and excellent upside. The current cap rate is 8.0% and the current GRM is 9.45. The front building offers an extra large 2bd/1bth house and 1bd/1bth unit and the back building offers two large 2bd/1bth units and a huge basement. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back upper-level 2bd/1bth unit will be delivered vacant at closing making for a perfect set-up for an owner-occupant or investor seeking maximum market rents. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This well-located property is situated in one of Vallejo's most desirable rental neighborhoods, on a charming tree-lined street surrounded primarily by single-family homes. Tenants enjoy convenient access to downtown Vallejo, an abundance of restaurants, parks, and shopping options. The Vallejo Marina and Mare Island are nearby making this a high demand location for tenants.

Location

State CA

County Solano

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Building

Lot Description Other

Water Public

Others

Special Listing Condition Standard


Bay East Association of Realtors
Theresa Solon

Theresa Solon

REALTOR | CA DRE# 01436657

+1(707) 334-9186

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