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Listed by Steve Belluomini • Corcoran Icon Properties, DRE#01095848
$1,600,000
Est. payment /mo
4,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,960 sqft
Price per Sqft $322
MLS Listing ID ML82058928
Year Built 1960
Lot Size 0.299 Acres
Property Sub-Type Five or More Units
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 Vallejo 1
Zoning RMD
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Other
Tax ID 0069-041-010
Security Features Other
Special Listing Condition Not Applicable
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