120 Michigan St 4 Unit Apartment Building $1,102,438 CAD ($275,609 CAD/Unit) 5.90% Cap Rate Vallejo, CA 94590
EXECUTIVE SUMMARY
Seller has 3 more properties for sale in Vallejo, CA
-112 Michigan St
-296 Frisbie
-849 Benicia
-112 Michigan St
-296 Frisbie
-849 Benicia
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,102,438 CAD |
| Price Per Unit | $275,609 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,796 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 of 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 0054-101-420 | Improvements Assessment | $528,585 CAD (2023) |
| Land Assessment | $128,915 CAD (2023) | Total Assessment | $657,500 CAD (2023) |
ZONING
| Zoning Code | RMD |
