Vallejo, CA 94590,804 Springs
$930,000
$995,000
6.5%
Est.Price: ?

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12 BD
3,472 SqFt

804 Springs Vallejo, CA 94590

Est. payment /mo
SOLD DATE : 10/18/2024

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Key Details

Sold Price $930,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,472 sqft

Price per Sqft $267

MLS Listing ID 41071164

Sold Date 10/18/24

Bedrooms 12

HOA Y/N No

Year Built 1967

Lot Size 6,509 Sqft

Acres 0.15

Property Description

To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.

Location

State CA

County Solano

Area Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating Natural Gas

Cooling No Air Conditioning

Flooring Carpet, Wood

Fireplace No

Laundry In Unit

Exterior

Exterior Feature No Yard

Utilities Available Individual Electric Meter, Individual Gas Meter

Parking Type None

Building

Lot Description Regular, Paved

New Construction No

Others

Tax ID 0057122020

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Bridge MLS
Listed by Jatin Mehta • Pellego
Bought with JonathanGuevarra

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+1(510) 410-3999

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