Property Details
About this Property
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.
MLS Listing Information
MLS #
EB41077829
MLS Source
Bridge MLS
Days on Site
23
Interior Features
Flooring
Other
Cooling
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Other
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
416 Benicia Rd is a Residential Income in Vallejo, CA 94590. This 11,805 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,995,000 and was built in 1937. This address can also be written as 416 Benicia Rd, Vallejo, CA 94590.
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This listing information is up-to-date as of November 07, 2024. For the most current information, please contact David Howarth, (510) 822-1331
