804 Springs Road
$930,000
12
4
3,472
3,472
$268
Sold 10/18/24
Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier...To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
- Listed by Jatin Mehta • DRE #02045713 • Pellego
- Listed by Jonathan Guevarra • DRE #02198522 • Pellego
Property Details for 804 Springs Road
City
VALLEJO
Building TypeFOURPLEX
Property Sub TypeFOURPLEX
Garage/ParkingNo Parking
Park Spaces Total6
LISTING UPDATED: 10/21/2024 11:18 AM
Property Details for 804 Springs Road
Status | Sold |
---|---|
MLS # | 41071164 |
Days on Compass | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | RESIDENTIAL INCOME / Fourplex |
Year Built | 1967 |
Lot Size | 0.15 AC / 6,509 SF |
County | Solano County |
Building Information for 804 Springs Road
Stories-Residences4Year Built1967Building Size-Lot Size0.15 AC / 6,509 SF
Property Information for 804 Springs Road
Property History for 804 Springs Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 804 Springs Road
Taxable ValueLand$42,250Additions$452,725Total$494,975
Tax Record2023$9,170 ($764 / month)
Home Facts
Total Finished SqFt3,472 SqFtAbove Grade Finished SqFt3,472 SqFtLot Size6,509 SqFtStyleMulti-Family Dwelling (2-4)Year Built1967CountySOLANOAPN0057-122-020
Schools near 804 Springs Road
This home is within Vallejo City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 6 | ||
Franklin Middle School Public6 to 8 | ||
Vallejo High School Public9 to 12 | ||
Mit Academy Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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