Description

SELLER WILLING TO CREDIT UP TO $75K FOR NECESSARY REPAIRS. BRAND NEW LAMINATE FLOORING, TIGHT LOOP CARPET, PAINT, AND PLUMBING IN 3/4 UNITS. HIGH 8.3% CAP RATE IN PLACE. 814 York Street in Vallejo, CA is a Victorian-style fourplex property consists of one 2b/1b unit, two 1b/1b units, and one large studio unit on a large 6,000sqft lot. All 4 units are occupied making this an excellent opportunity for new/experienced investors to obtain a cash flowing asset in the heart of Vallejo. Each unit is separately metered for PG&E. New owners have the ability to implement a Reimbursement Utility Billing System to keep expenses low upon turnover. Additionally, tenants enjoy a large backyard area and off-street parking. 814 York St. is one of the most conveniently placed properties in Vallejo as it close to commuting routes such as the SF Ferry (0.4mi), Sonoma Blvd (0.1mi), Interstate 80 (1.5mi), i-780 (1.2mi), and the Carquinez Bridge (2.8mi). Owners and tenants also have the pleasure of easy access to national retailers, grocery outlets, restaurants, and Vallejo's downtown amenities. The placement of 814 York St. provides a unique opportunity for Owners to market vacancies as Vallejo has a population of about 125,000 making it one of the most populous cities in the North Bay.