552 Wilson Ave

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Address: 552 Wilson Ave, Vallejo, CA 94590, USA
Created date: December 1, 2023
Date last updated: December 1, 2023

Unoccupied units – work on the property can begin as soon as the new owner is ready. No inheriting bad leases or tenants the new owner can fill the units with tenants of their choosing and on their own lease terms.

Prime Vallejo location – located across the street from River Park providing unobstructed views of the park, Napa River and Mare Island. Numerous retail, restaurant, health care, education, public transportation, and recreation options within 10 mins of the property.

ADU potential – Potential to build 2 ADU’s on the level east side of the lot, Buyer to verify independently.

All 2 bedroom units with separate entrances, laundry hookups and individually metered for PG&E.

Value add opportunity – similar properties in the area have sold at significant premiums to the list price of 552 Wilson.

Property Description

Berger & Associates of NAI Northern California has been selected as the exclusive representative of 552 Wilson Ave, Vallejo. This property represents a fantastic opportunity for investors to purchase a multifamily property at a significant discount to other comparable properties sold in the area and create value and cashflow through physical improvements. The property consists of four 2-bedroom 1 bath units totaling 3,494 square feet each individually metered for PG&E and include in-unit laundry hookups. This is a prime Vallejo location across the street from River Park providing unobstructed views of the park, Napa River and Mare Island. Numerous retail, restaurant, health care, education, public transportation, and recreation options within 10 mins of the property. There is also space to potentially build 2 additional detached ADU’s on the east side of the lot. All of the units are vacant so the new owner can begin work on the property immediately.

Key Property Information

Listing Status: Available
Multifamily type: 2-4 Units
Price: $799,999
No. of Units: 4
Year Built: 1924
Building Size: 3,494 Sq ft
Lot Size: 9,303.00 Sq ft
No. of Stories: 2
APN: 0051-132-240
Opportunity Zone: No
Price per unit: $200,000
Address: 552 Wilson Ave, Vallejo, CA 94590, USA

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