541545 Admiral Callaghan Lane, Vallejo, CA 94591
List Price: $1.6M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1960
Lot Size: 13,016 sq ft
Annual Property Tax: $17,910
MLS Number: ML82058928
About This Property
Seller Financing Available Proposed Terms: 5.00% interest, P&I, 25-year amortization, 5-year term, 30% down/70% seller carry, with balloon payment due at maturity. Unit Mix: 4 two-bedroom/1-bath units (~1,000 SF each) and 2 two-bedroom/1.5-bath townhome-style units (~1,300 SF each), totaling approximately 6,600 SF. Five of six units have been substantially renovated with quartz countertops, updated cabinetry, waterproof vinyl flooring, newer appliances, refreshed bathrooms and interiors. Major capital improvements include upgraded electrical panels/breakers, newer water heaters, dual-pane windows, driveway/asphalt and drainage improvements, and refreshed carports. Four of six units are currently occupied, providing immediate income with upside from leasing the two vacant units. No current delinquencies, evictions or pending notices to vacate. Tenants pay PG&E and internet; owner pays water, sewer and garbage. A mix of six-month and month-to-month leases provides flexibility and future rent-growth potential. Recent improvements reduce near-term capital needs and support continued stabilization and income growth.
Listing provided by: Steve Belluomini DRE #01095848 (650) 578-0200 steve.b@corcoranicon.com, Corcoran Icon Properties
Source: CRMLS, MLS #: ML82058928
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.