Vallejo, CA 94590,416 Benicia Rd
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Vallejo, CA 94590,416 Benicia Rd
Vallejo, CA 94590,416 Benicia Rd
Vallejo, CA 94590,416 Benicia Rd
Vallejo, CA 94590,416 Benicia Rd
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Lisa Reinsmith

Lisa Reinsmith

WR Properties

+1(925) 550-2689
$ 2,995,000
Est. payment /mo
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Active

416 Benicia Rd Vallejo, CA 94590

11,805 SqFt


UPDATED:

11/07/2024 08:37 AM

Key Details

Property Type Commercial

Sub Type Garden Apts

Listing Status Active

Purchase Type For Sale

Square Footage 11,805 sqft

Price per Sqft $253

MLS Listing ID 41077829

HOA Y/N No

Year Built 1937

Lot Size 9,582 Sqft

Acres 0.22

Property Description

www.416BeniciaRd.com; 16-unit apartment complex spread across two parcels with 8 units per parcel. The current cap rate is 6.98% and the current GRM is 9.29. The unit mix consists of 5 2bd/1bth units, 8 1bd/1bth units, and 3 studio units with strong current cash flow and excellent rental upside. Seller financing is being offered with excellent terms. The property was originally built in 1937, offers approximately 11,803 square feet of living space, and sits on a 9,582 square foot combined lot with off-street parking. Many units have been remodeled over time and offer new kitchen and bathrooms, new paint, new double pane windows, and more. The property is easy to manage, all the tenants are current on rent, and an onsite property manager is not legally required due to the property having only 8 units per parcel. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive, turn-key investment.

Location

State CA

County Solano

Area Listing

Rooms

Basement Other

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Building

Lot Description Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 0059113300


Bridge MLS
Listed by David Howarth • The Pinza Group, Inc

Lisa Reinsmith

Realtor® | License ID: 01512772

+1(925) 550-2689

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416 Benicia Rd