121 Lincoln Road, Vallejo, CA 94590
List Price: $1.45M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1938
Lot Size: 28,314 sq ft
Annual Property Tax: $16,231
MLS Number: ML82060020
About This Property
121 Lincoln Rd W presents the opportunity to acquire an 11-unit multifamily investment property situated on an oversized 25000 +-square-foot parcel in Vallejo. The property is currently zoned for Residential Medium Density, while ownership has operated the property as an apartment building for approximately the past six years. Sellers are motivated . The property offers investors an attractive combination of strong existing cash flow and meaningful value-add potential. Current rents are approximately 25% below prevailing market levels, creating a clear path to increase revenue over time through continued rent adjustments and unit renovations. Eight of the eleven units have already received substantial interior improvements, reducing the amount of immediate renovation work required by a new owner. In addition, all tenants are currently on month-to-month leases, providing increased flexibility for future lease management and implementation of the property's remaining rental upside.
Listing provided by: Steve Belluomini DRE #01095848 (650) 578-0200 steve.b@corcoranicon.com, Corcoran Icon Properties
Source: CRMLS, MLS #: ML82060020
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