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739 Alabama Street

Vallejo, CA 94590
  • $675,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: 324074788
UPDATED: 80 min ago
$675,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,410
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

Description

This is a large property. 2 buildings and 3 spacious units all independently metered for gas and electric. A great opportunity to start your real estate portfolio or add to it on your way to being a real estate mogul. Rentometer.com puts rents between $5385 (lower range), and $5942 (mid range), monthly. Gross rent multiplier of 10 is based on an average of these two numbers. The CAP rate based on 60% of that average number. (60% is a reasonable industry-standard for net rental income after deducting expenses.) Live in one unit and rent the other two or rent all three. A great opportunity either way. Three separate electric meters and three separate gas meters

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-06T13:57:00.453.
www.solanoregroup.com/homes/155458304
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739 Alabama Street Vallejo, CA 94590

  • Price: $675,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 80 min ago
  • ID#: 324074788
5
Beds
3
Baths
0
½ Baths
0.11
Acres
2,410
SQFT
$280
$/SQFT
1930
Built
Neighborhood:
Vallejo 4
County:
Solano
Area:
Vallejo 4
Property Description
This is a large property. 2 buildings and 3 spacious units all independently metered for gas and electric. A great opportunity to start your real estate portfolio or add to it on your way to being a real estate mogul. Rentometer.com puts rents between $5385 (lower range), and $5942 (mid range), monthly. Gross rent multiplier of 10 is based on an average of these two numbers. The CAP rate based on 60% of that average number. (60% is a reasonable industry-standard for net rental income after deducting expenses.) Live in one unit and rent the other two or rent all three. A great opportunity either way. Three separate electric meters and three separate gas meters
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Curb(s)Curbs/Gutters Open Parking Spaces 0 Parking Features Varies by Unit Parking Total 1 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 2 2 Bedroom Units Total 0 3 Bedroom Units Total 1 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Varies by Unit Laundry Features Other Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Gross Income 67962 Property Sub Type Triplex Property Type Residential Income Sewer Public Sewer Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Alex Schauffert of New Standard Realty: 707-745-1009.


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-06T13:57:00.453.
 
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