4-Units with 10.64% Cap Rate and 7.38 GRM | 627 Maine St
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4-Units with 10.64% Cap Rate and 7.38 GRM 627 Maine St
4 Unit Apartment Building $1,066,500 CAD ($266,625 CAD/Unit) 10.64% Cap Rate Vallejo, CA 94590
Investment Highlights
- 4-unit Apartment Complex Featuring One 3bd/1bth Unit, Two 2bd/1bth Units, and One 1bd/1bth Units with Excellent Cash Flow Potential
- Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
- Three Vacant Units – Perfect for Owner Occupants or Investors
- Remodeled Units with Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, and More
- Attractive Location Near Downtown Vallejo, Mare Island and the Vallejo Marina
Executive Summary
4-unit apartment complex featuring one 3bd/1bth unit, two 2bd/1bth units, and one 1bd/1bth unit with excellent cash flow potential. The property was originally built in 1900, offers approximately 2,965 square feet of rental space, and sits on a 6,500 square foot lot with off-street parking, on-site laundry, and a large basement. The building has been well managed and most of the units have been updated with newer kitchens, bathrooms, wood floors, custom molding and lighting, and more. Currently, there are three vacant units – ideal for owner-occupants or investors seeking max market rates. This is a perfect opportunity for an owner-occupant, contractor, or investor who’s looking to acquire a large property at a below market price in a rapidly improving neighborhood with excellent long-term potential.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
Property Facts
| Price | $1,066,500 CAD | Property Subtype | Apartment |
| Price Per Unit | $266,625 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 10.64% | Building Size | 2,695 SF |
| Gross Rent Multiplier | 7.38 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Price | $1,066,500 CAD |
| Price Per Unit | $266,625 CAD |
| Sale Type | Investment |
| Cap Rate | 10.64% |
| Gross Rent Multiplier | 7.38 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,695 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | 805 |
| 2+1 | 2 | - | 740 |
| 1+1 | 1 | - | 680 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 0056-234-050 | Improvements Assessment | $555,002 CAD |
| Land Assessment | $94,870 CAD | Total Assessment | $649,872 CAD |
PROPERTY TAXES
Parcel Number
0056-234-050
Land Assessment
$94,870 CAD
Improvements Assessment
$555,002 CAD
Total Assessment
$649,872 CAD
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4-Units with 10.64% Cap Rate and 7.38 GRM | 627 Maine St
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