1706 Sutter St. Active Save Request In-Person Tour Request Virtual Tour
Vallejo,CA 94590
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,154 sqft
Price per Sqft $428
MLS Listing ID 41076518
Year Built 1917
Lot Size 0.356 Acres
Property Description
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.
Location
State CA
County Solano
Area Listing
Interior
Heating MultiUnits
Cooling Ceiling Fan(s)
Flooring Concrete,Hardwood,Laminate,Vinyl
Exterior
Utilities Available Water/Sewer Meter on Site,All Public Utilities,Individual Gas Meter
Building
Lot Description Corner Lot,Security Gate
Sewer Public Sewer
Water Public
New Construction No