1706-1708 Sutter St. + 604 Tennessee St.
- (4) 1 bed, 1 bath units + (1) Studio + (1) Commercial Parking Lot
- (4) Separate Parcels = (1) Duplex + (1) Triplex + (2) Commercial parking lot
- Recent Renovations - New Staircases, New Water Heater, Upgrades to Studio and 1 Bedroom Unit
- Separately Metered for PG&E - Tenants Pay PG&E
- Opportunity Zone!
- Walk Score® Very Walkable (88)
- Excellent in place income with upside in the rents
- High in place Cap Rate
- Rented Parking Lot Offers Additional Passive Income
Property Description
Berger & Associates of NAI Northern California is pleased to present the sale of 1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. The 5 unit property consists of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. 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. The commercial parking lot has been leased, granting additional passive income. 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,300,000 |
| No. of Units: | 5 |
| Year Built: | 1917 |
| Lot Size: | 0.36 Acres |
| Opportunity Zone: | No |
| Price per unit: | $260,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
620 El Salto Dr
Capitola, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout