Property Attributes
- MLS#324021278
- TypeIncome
- CountySOLANO
- CityVallejo
- AreaVallejo
- Zip94590
- Style5 or More Units
- Price$ 4,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.9153 Acres
Data Source:
MetroList MLS
Property Description
35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22,925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1,525 for the 1x1's and $1,700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and rent ready creating significant equity growth almost immediately after purchase and lease-up. The subject property as a whole has been renovated with new exterior paint, all new vinyl windows, new laundry machines and all new interiors. The Pointe 38 Apartments presents investors a unique equity growth opportunity with minimal capital outlay.
Price History | |
---|---|
3/28/2024 | Listed $4,600,000 |
General Features
Sewer | Other |
---|---|
Heating | Other |
Cooling | Other |
Garage Spaces | 0.0 |
Year Built | 1972 |
Stories | 2 |
Property SubType | 5 or More Units |
County | Solano |
Property Type | ResidentialIncome |
HOA / Comm Assn | No |
Close Price | 0.0 |
Status | Active |
Directions | tennessee to santa clara |
City | Vallejo |
Buyer Agent Compensation | 2 |
Open Parking Spaces | 0.0 |
Total Units | 35 |
MLS Area | Vallejo 5 |
Lot Size Square Feet | 39870.0 |
Carport Spaces | 0.0 |
Street Name | Santa Clara |
Standard Status | Active |
Year Built Source | Other |
Buyer Agent Compensation Type | Percent |
Interior Features
Street Suffix | Street |
---|---|
Laundry Features | In Common Area |
Unit 1 Bedroom Units Total | 25 |
Unit 2 Bedroom Units Total | 10 |
Exterior Features
Parking Features | Other |
---|---|
Lot Features | Other |
Water Source | Other |
Total Parking | 0.0 |
Lot Size Acres | 0.9153 |
Lot Size Source | Assessor Auto-Fill |
Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool