628 Kentucky St, Vallejo, CA 94590

Description

4-unit apartment complex spread across two buildings with great current cash flow and excellent upside. The current cap rate is 8.0% and the current GRM is 9.45. The front building offers an extra large 2bd/1bth house and 1bd/1bth unit and the back building offers two large 2bd/1bth units and a huge basement. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back upper-level 2bd/1bth unit will be delivered vacant at closing making for a perfect set-up for an owner-occupant or investor seeking maximum market rents. Al...