Property Detail

Description

Six unit townhouse style multifamily in Vallejo. Six renovated 2BR/1.5BA townhouse units, each with two balconies, in a two story 1968 building on a 6,969 SF lot (5,163 SF). Six deeded parking spaces plus additional shared lot parking as part of an HOA with shared facilities. Separately metered gas and electric, common laundry, granite countertops. Recent capital work: electrical upgrades and sewer lateral replacement (2024), balcony upgrades (2026); SB-721 compliant. In place rents average $1,955 against $2,250 market, roughly 15% upside. 6.57% cap rate, 9.20 GRM, $215,833 per unit. No local rent control. Quick access to I-80, about a mile from Six Flags and Kaiser Vallejo, 2.5 miles to the Vallejo Ferry.