1901 Sonoma Blvd, Vallejo, CA 94590

Description

www.1901sonoma.com; 12-unit apartment complex with excellent current income offering a 8.41% current cap rate and a 8.4 current GRM. Seller financing is available with 30% down payment, 3.0% interest-only rate, a 5-year term, and no prepayment penalty. The unit mix offers one 3bd/1bth unit, one 2bd/1bth unit, nine 1bd/1bth units and one studio unit. The property was built in 1921, offers approximately 9,200 square feet of rental space, and sits on a combined lot size of 13,000 square feet. The sale also includes the vacant lot next door at 536 Capitol St which is currently being used for 15+ parking spaces and provides a future potential development opportunity. The unit...