Remodeled duplex with back unit delivered vacant with excellent cash flow potential. The proforma cap rate is 7.28% and the proforma GRM is 9.59. The property features two detached homes offering one 2bd/1bth unit and one 1bd/1bth unit. The property was originally built in 1930, offers approximately 1,274 square… Read More feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The homes have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is a high-demand rental location in Vallejo near many restaurants, parks, schools, and shopping options. The block is very nice and surrounding by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent. Read Less
Property listed by The Pinza Group, Inc, David Howarth 310-259-7556
Listing Snapshot
Days Online
7
Last Updated
Property Type
Duplex
Lot Size
0.16 Acres
Year Built
1930
MLS Number
41124086
Additional Details
Building
Built in 1930, Construction Materials: SeeRemarks
Cooling
SeeRemarks
Floors
Tile, Wood
Heating
SeeRemarks
Home Owner's Association
Association Fee: $0
Lot
0.16 acres
Parking
6 total parking spaces
Taxes
Parcel Number: 0074041110
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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