1706 Sutter St.
Vallejo, CA 94590
0.36 acres | #41076518
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.
Property Details
- Lot DescriptionCornerLot
Measurements
- Acres0.3562
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1917
Community and Neighborhood Details
- CountySolano
Financial Details
- Original List Price$1,350,000
Other
- MLS #41076518
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ethan Berger (#BMLS-R01868467)
Listing Office: NAI Northern California (#BMLS-OBOJMTB)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
