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Bought with Cathy Cross • EXP Realty
$610,000
$599,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
3,110 Beds
3 Baths
2,410 SqFt
SOLD DATE : 01/14/2025
Key Details
Sold Price $610,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,410 sqft
Price per Sqft $253
MLS Listing ID 324074788
Sold Date 01/14/25
Bedrooms 3110
HOA Y/N No
Year Built 1930
Lot Size 4,687 Sqft
Property Sub-Type Triplex
Property Description
This is a large property. 2 buildings and 3 spacious units all independently metered for gas and electric. A great opportunity to start your real estate portfolio or add to it on your way to being a real estate mogul. Rentometer.com puts rents between $5385 (lower range), and $5942 (mid range), monthly. Gross rent multiplier of 10 is based on an average of these two numbers. The CAP rate based on 60% of that average number. (60% is a reasonable industry-standard for net rental income after deducting expenses.) Live in one unit and rent the other two or rent all three. A great opportunity either way. Three separate electric meters and three separate gas meters
Location
State CA
County Solano
Area Vallejo 4
Interior
Heating Varies by Unit
Cooling None
Exterior
Parking Features Varies by Unit
Garage Spaces 1.0
Building
Sewer Public Sewer
Water Public
Schools
School District Vallejo City Unified, Vallejo City Unified, Vallejo City Unified
Others
Special Listing Condition None
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