4-Units with 10.64% Cap Rate and 7.38 GRM | 627 Maine St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4-Units with 10.64% Cap Rate and 7.38 GRM 627 Maine St
4 Unit Block of Flats £588,307 (£147,077/Unit) 10.64% Net Initial Yield Vallejo, CA 94590
Investment Highlights
- 4-unit Apartment Complex Featuring One 3bd/1bth Unit, Two 2bd/1bth Units, and One 1bd/1bth Units with Excellent Cash Flow Potential
- Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
- Three Vacant Units – Perfect for Owner Occupants or Investors
- Remodeled Units with Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, and More
- Attractive Location Near Downtown Vallejo, Mare Island and the Vallejo Marina
Executive Summary
4-unit apartment complex featuring one 3bd/1bth unit, two 2bd/1bth units, and one 1bd/1bth unit with excellent cash flow potential. The property was originally built in 1900, offers approximately 2,965 square feet of rental space, and sits on a 6,500 square foot lot with off-street parking, on-site laundry, and a large basement. The building has been well managed and most of the units have been updated with newer kitchens, bathrooms, wood floors, custom molding and lighting, and more. Currently, there are three vacant units – ideal for owner-occupants or investors seeking max market rates. This is a perfect opportunity for an owner-occupant, contractor, or investor who’s looking to acquire a large property at a below market price in a rapidly improving neighborhood with excellent long-term potential.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
Property Facts
| Price | £588,307 | Property Subtype | Apartment |
| Price Per Unit | £147,077 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 10.64% | Building Size | 2,695 SF |
| Gross Rent Multiplier | 7.38 | Number of Floors | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Residential | Parking Ratio | 1.48/1,000 SF |
| Price | £588,307 |
| Price Per Unit | £147,077 |
| Sale Type | Investment |
| Net Initial Yield | 10.64% |
| Gross Rent Multiplier | 7.38 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,695 SF |
| Number of Floors | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | 805 |
| 2+1 | 2 | - | 740 |
| 1+1 | 1 | - | 680 |
1 of 1
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 0056-234-050 | Improvements Assessment | £307,131 |
| Land Assessment | £52,500 | Total Assessment | £359,631 |
PROPERTY TAXES
Parcel Number
0056-234-050
Land Assessment
£52,500
Improvements Assessment
£307,131
Total Assessment
£359,631
-
David Howarth -
Pinza Group
1 of 36
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4-Units with 10.64% Cap Rate and 7.38 GRM | 627 Maine St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.