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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc

$ 2,995,000

Est. payment | -/mo

11,805 SqFt

Save

$ 2,995,000

Est. payment | -/mo

Save

11,805 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,805 sqft

Price per Sqft $253

MLS Listing ID EB41077829

Year Built 1937

Lot Size 9,582 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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 Other Area

Interior

Cooling Other

Flooring Other

Exterior

Exterior Feature Other

Parking Features Other

Garage Spaces 16.0

Roof Type Other

Building

Lot Description Other

Sewer Sewer - Public

Water Public

Others

Tax ID 005-911-3300

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

416 Benicia Rd Vallejo, CA 94590