25
See all 25 photos
$1,350,000
Est. payment /mo
3 BD
4 BA
3,154 SqFt
Active
1706 Sutter St. Vallejo, CA 94590
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UPDATED:
10/30/2024 05:06 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,154 sqft
Price per Sqft $428
MLS Listing ID EB41076518
Bedrooms 3
Originating Board Bridge MLS
Year Built 1917
Lot Size 0.356 Acres
Property Sub-Type Five or More Units
Property Description
1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant making this a perfect opportunity for new or experienced investors to charge market rate rent or for owner/users to fill the space. Recent renovations include new staircases, one new water heater, and significant upgrades to the studio unit. It also provides a space for owners and tenants to park and store vehicles behind a security gate. 1706-1708 Sutter St. lies in an opportunity zone, given owners possible tax relief. It boasts a high 7.29% cap rate with room for upside in the rents.
Location
State CA
County Solano
Area Other Area
Interior
Cooling Ceiling Fan
Flooring Laminate, Vinyl, Concrete, Hardwood
Exterior
Exterior Feature Stucco
Parking Features Attached Garage
Garage Spaces 31.0
Roof Type Composition
Building
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Special Listing Condition Not Applicable
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Listed by Ethan Berger • NAI Northern California