Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Ethan Berger, DRE #01868467 • NAI Northern California

$1,350,000

Est. payment - /mo

3 Beds

4 Baths

3,154 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,154 sqft

Price per Sqft $428

MLS Listing ID EB41076518

Bedrooms 3

Year Built 1917

Lot Size 0.356 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

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.

Location

State CA

County Solano

Area Other Area

Interior

Cooling Ceiling Fan

Flooring Laminate, Vinyl, Concrete, Hardwood

Exterior

Exterior Feature Stucco

Parking Features Attached Garage

Garage Spaces 31.0

Roof Type Composition

Building

Sewer Sewer - Public

Water Public, Heater - Gas

Others

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1706 Sutter St. Vallejo, CA 94590

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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