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$1,300,000 USD
709 709 Pope Dr
Vallejo, California 94591
USA
Vallejo, California 94591
USA
Residential For Sale, Fourplex
Land size: 0.097 ha ::
0.24 acres
Sale price per sqm: 0
Remarks:
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.3% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
Features:
- Year Built: 1969
Location:
709 709 Pope Dr, Vallejo, California 94591, USA
Listed By CENTURY 21 Masters
The Residential For Sale, Fourplex located at 709 709 Pope Dr, Vallejo, California 94591, USA is currently for sale. 709 709 Pope Dr, Vallejo, California 94591, USA is listed for $1,300,000 USD. If the property located at 709 709 Pope Dr, Vallejo, California 94591, USA isn't what you're looking for, search California Real Estate to see other Homes For Sale in Vallejo.
