Bought with Gerarda Stocking • Stocking Realty & Investments
$1,450,000
$1,550,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
3,304 SqFt
SOLD DATE : 10/03/2024
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $438
MLS Listing ID 41060018
Sold Date 10/03/24
HOA Y/N No
Originating Board BAY EAST
Year Built 1970
Lot Size 6,156 Sqft
Property Description
101,000 PRICE REDUCTION: 5 units located in the sought-after landlord-friendly Solano County.. 5th unit has rental income of $2,195. Pride of Ownership units (same owner for 20+years) are located in a neighborhood of beautiful custom water-view homes. Views of the bay from upper unit and only 1 block to the water. 4 2-bedroom units and an additional studio unit. All but one of the units have been completely upgraded and remodeled. The 2 bedroom units are separately metered for gas and electricity . The complex has an onsite coin-operated laundry. Development possibility for additional units with garages - check with Planning Department of Benicia. Gross Rental Income $126,960 per year.(includes laundry income) 13.78 is the Gross Rent Multiplier. Cap Rate is 5.
Location
State CA
County Solano
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Carpet
Fireplace No
Appliance Disposal, Dryer, Washer
Laundry Coin Operated, Dryer, Washer
Building
Lot Description Regular
Water Public
Schools
School District Benicia Unified, Benicia Unified
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