1706-1708 Sutter St 5 Unit Apartment Building $1,900,435 CAD ($380,087 CAD/Unit) 7.12% Cap Rate Vallejo, CA 94590

INVESTMENT HIGHLIGHTS

  • (4) 1 bed, 1 bath units + (1) Studio + Commercial parking lot; Walk Score® Very Walkable (88)
  • Separately Metered for PG&E - 3/5 Units Pay All utilities
  • High 7.12% in Place Cap Rate & 8% Market Cap! Excellent in place income with significant upside in the rents
  • Parking Lot Can Be Leased for ~$3K/Month - Passive Income Opportunity!
  • Opportunity Zone!
  • Recent Renovations - New Staircases, New Water Heater, Upgrades to Studio

EXECUTIVE SUMMARY

1706-1708 Sutter St & 604 Tennessee St. - (4) 1 bed, 1 bath units + (1) Studio + (1) Commercial Parking Lot
SELLER FINANCING AVAILABLE
Parking Lot Can Be Leased for ~$3K/Month - Passive Income Opportunity!
Recent Renovations - New Staircases, New Water Heater, Upgrades to Studio
Separately Metered for PG&E - 3/5 Units Pay All utilities
Opportunity Zone!
Walk Score® Very Walkable (88)
Excellent in place income with significant upside in the rents
High 7.12% in Place Cap Rate & 8% Market Cap!

PROPERTY FACTS

Price $1,900,435 CAD
Price Per Unit $380,087 CAD
Sale Type Investment
Cap Rate 7.12%
Gross Rent Multiplier 10.42
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.19 AC
Building Size 3,154 SF
No. Stories 2
Year Built/Renovated 1917/2024
Parking Ratio 9.83/1,000 SF
Opportunity Zone Yes

UNIT AMENITIES

  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Wi-Fi

SITE AMENITIES

  • Fenced Lot
  • On-Site Retail
  • Wi-Fi

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $2,305 CAD 790
Studios 1 $1,689 CAD 790
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (71)

PROPERTY TAXES

  • Listing ID: 33554694

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: 1706-1708 Sutter St, Vallejo, CA 94590