409 Carolina St, Vallejo, CA 94590

$815,000
3,406
SqFt
List Price
$815,000
MLS#
326063374
Status
ACTIVE
Living Sq. Ft
3,406
Type
Multifamily
Zip
94590
city
Vallejo

Property Description

Promising, 6-unit complex with enclosed grassy campus and lots of upside. Just 2-4 blocks to downtown & SF Ferry. Garage possibilities as subdivided storage & laundry center. Yard at alley could be converted to off-street, parking revenue. This is a friendly apartment community sharing a community lawn space & with lots of upgrade potential. + Freshly painted exterior. Some units recently renovated + 2-blocks to Provisions - Vallejo's fave restaurant + 2.5-blocks to Empress Theater + 3-blocks to Saturday Downtown Farmer's Market + 4-blocks to SF Ferry + Key upgrades could improve revenue $1370-$1530/mo. (1/1 renovation $600/mo., Garage storage units $300-360/mo., Laundry $120/mo., Cottage deck $150/mo., Off-alley assigned parking $200-300/mo. => $1370-1530/mo.=> $16k-18k/yr.)

Additional Information

Tenant Pays
Electricity, Gas, See Remarks
Year Built
1920

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Kevin Reilly from RE/MAX Gold

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