1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant making this a perfect opportunity for new or experienced investors to charge market rate rent or for owner/users to fill the space. Recent renovations include new staircases, one new water heater, and significant upgrades to the studio unit. It also provides a space for owners and tenants to park and store vehicles behind a security gate. 1706-1708 Sutter St. lies in an opportunity zone, given owners possible tax relief. It boasts a high 7.29% cap rate with room for upside in the rents.
Property Details
Price:
$1,350,000
MLS #:
41076518
Status:
Active
Baths:
0
Address:
1706 Sutter St.
Type:
Residential Income
City:
Vallejo
Listed Date:
Oct 16, 2024
State:
CA
ZIP:
94590
Lot Size:
15,514 sqft / 0.36 acres (approx)
Year Built:
1917
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Schools
Interior
Appliances
Gas Water Heater
Exterior
Lot Features
Corner Lot
Parking Spots
31.00
Roof
Shingle
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address1706 Sutter St. Vallejo CA
- CityVallejo
- CountySolano
- Zip Code94590
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1706 Sutter St.
Vallejo, CA
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