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Listed by Ethan Berger • NAI Northern California
$ 1,350,000
Est. payment | /mo
3,154 SqFt
$ 1,350,000
Est. payment | /mo
3,154 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,154 sqft
Price per Sqft $428
MLS Listing ID 41076518
HOA Y/N No
Originating Board Bridge AOR
Year Built 1917
Lot Size 0.356 Acres
Property Sub-Type 5 or More Units
Property Description
1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant making this a perfect opportunity for new or experienced investors to charge market rate rent or for owner/users to fill the space. Recent renovations include new staircases, one new water heater, and significant upgrades to the studio unit. It also provides a space for owners and tenants to park and store vehicles behind a security gate. 1706-1708 Sutter St. lies in an opportunity zone, given owners possible tax relief. It boasts a high 7.29% cap rate with room for upside in the rents. SELLER FINANCING AVAILABLE.
Location
State CA
County Solano
Interior
Heating MultiUnits
Cooling Ceiling Fan(s)
Flooring Concrete, Hardwood, Laminate, Vinyl
Fireplace No
Appliance Gas Water Heater
Building
Lot Description Corner Lot, Security Gate
Water Public
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