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About the Listing BMLS-OBPINZA - BMLS-R01360348
Remodeled duplex with back unit delivered vacant with excellent cash flow potential. The proforma cap rate is 7.28% and the proforma GRM is 9.59. The property features two detached homes offering one 2bd/1bth unit and one 1bd/1bth unit. The property was originally built in 1930, offers approximately 1,274 square feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The homes have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is a high-demand rental location in Vallejo near many restaurants, parks, schools, and shopping options. The block is very nice and surrounding by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent.
Listing Highlights
Status
Active
Days on Site
47
Property Type
Multi-Family
MLS ®
41124086
Year Built
1930
Total Square Footage
0
Lot/Acreage
0.16
County
Solano
Neighborhood
Granada Hills
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: See Remarks
- Heating: See Remarks
- Fireplaces:
- Floor: Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof:
- Others: See Remarks,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 0074041110
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
324 Idora Ave Vallejo, CA 94591
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