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1259 Fulton Ave

5 Unit Apartment Building $770,000 ($154,000/Unit) 7.89% Cap Rate Vallejo, CA 94591

Investment Highlights

  • Large amount of interior space, and land

Executive Summary

Sober living house? Mid-term rental to traveling nurses? This building has separate suites to rent on a mid-term basis to individual tenants. There are 4 master bedrooms. Each bedroom is super-size like a studio. Currently the property is a group residence for post-graduate medical students. It is not furnished at this time. It will be need to be furnished for short-term rental to traveling professionals. The property is located on the quiet east side of Vallejo near the Glen Cove area.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $770,000
Price Per Unit $154,000
Sale Type Investment
Cap Rate 7.89%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 9.4
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.23 AC
Building Size 3,207 SF
Average Occupancy 95%
No. Stories 2
Year Built 2010
Parking Ratio 0.62/1,000 SF

zoning

Zoning Code RTC-10 (ADU allowed. Unincorporated County area.)
RTC-10 (ADU allowed. Unincorporated County area.)
  • Listing ID: 28809456

  • Date on Market: 6/20/2023

  • Last Updated:

  • Address: 1259 Fulton Ave, Vallejo, CA 94591

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