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$1,600,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82058928
HOA Y/N No
Year Built 1960
Annual Tax Amount $17,910
Lot Size 0.299 Acres
Property Description
Seller Financing Available Proposed Terms: 5.00% interest, P&I, 25-year amortization, 5-year term, 30% down/70% seller carry, with balloon payment due at maturity. Unit Mix: 4 two-bedroom/1-bath units (~1,000 SF each) and 2 two-bedroom/1.5-bath townhome-style units (~1,300 SF each), totaling approximately 6,600 SF. Five of six units have been substantially renovated with quartz countertops, updated cabinetry, waterproof vinyl flooring, newer appliances, refreshed bathrooms and interiors. Major capital improvements include upgraded electrical panels/breakers, newer water heaters, dual-pane windows, driveway/asphalt and drainage improvements, and refreshed carports. Four of six units are currently occupied, providing immediate income with upside from leasing the two vacant units. No current delinquencies, evictions or pending notices to vacate. Tenants pay PG&E and internet; owner pays water, sewer and garbage. A mix of six-month and month-to-month leases provides flexibility and future rent-growth potential. Recent improvements reduce near-term capital needs and support continued stabilization and income growth.
Location
State CA
County Solano
Area 699 - Not Defined
Zoning RMD
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Shingle
Total Parking Spaces 3
Building
Water Public
Schools
School District Vallejo City Unified
Others
Tax ID 0069041010
Special Listing Condition Standard
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Listed by Steve Belluomini Corcoran Icon Properties #01095848
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