1007 Grant St 4 Unit Apartment Building $849,900 ($212,475/Unit) 7.31% Cap Rate Vallejo, CA 94590

Affordable Vallego Fourplex with great upside potential. Current Rents total $78,257 with garbage pass-through. GRM of 10.86! The building consists of 4 1 bedroom and 1 bath units. Several of the units have had some updates. The building also has a laundry area (not currently in use). Long-term tenants with zero rent balances and low monthly expenses. The seller owns two additional lots adjacent to the 4 plex that are included in the Sale! Those lots combined are just over .1 of an acre. They are currently being used as the parking lot. We have been told by the previous owners that those lots may be buildable. The lots are both Addressed 1015 Grant Street APN's 0062-054-450, 0062-054-460.