USACAVallejoVallejo Hills933 Kentucky St
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$945,000

933 Kentucky St, Vallejo, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 27
Approx. Age 1992
MLS® Number 41109920

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

5-unit apartment complex featuring three 2bd/1bth units and two 1bd/1bth units with strong current income. The current cap rate is 6.57% and the current GRM is 10.72. Excellent seller financing is available for well qualified buyers. The property offers approximately 4, 145 square feet of rental space and sits on a 6, 500 square foot lot with three garages and two off-street parking spaces. The units have been remodeled over time and feature updated kitchens and bathrooms with hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for water and PG&E providing for low annual operating expenses. Currently, the property is 100% leased to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for significantly increased cash flow. This is a perfect opportunity for an investor to acquire a turn-key property in a great neighborhood that's always in high demand with tenants. There are a variety of restaurants and shopping options nearby and the property is only a short distance to downtown Vallejo, Vallejo Marina, and Mare Island.Show Description
MLS® Number41109920
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1992
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatSee Remarks
A/CSee Remarks
Heating Fuel

Extras

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