121 Lincoln Rd, Vallejo, CA 94590
List Price: $1.59M
Listing Status: Active
0Days on Market: 111
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1938
Lot Size: 24,292 sq ft
MLS Number: 41126020
About This Property
www.121Lincoln.com; 11-unit apartment complex offering excellent current income and solid long-term upside. The units mix offers three 2bd/2bth units, five 1bd/1bth units, and three studio units. The property was originally built in 1938, offers approximately 4,548 square feet of rental space, and sits on an oversized 24,292 square foot lot with ample room for parking and possible future development. Many of the units have been remodeled and offer updated kitchens and bathrooms, wood floors, new cabinets, new tile, new lighting, and fresh paint. The building is easy to manage, with very little maintenance, providing low annual operating expenses. Currently, the property is almost 100% occupied with stable tenants with rents approximately 25% below market providing predictable income and a profitable investment. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential.
Listing provided by: David Howarth DRE #01360348 510-725-4775 david@pinzagroup.com, The Pinza Group, Inc
Source: CRMLS, MLS #: 41126020
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.