Marc Guillon
This listing was posted on RealtyWW.
$4,600,000
Home For Sale In Vallejo, California
Price:
$4,600,000
Location:
1321 Santa Clara St, Vallejo, CA
Description:
Gravitas Commercial Real Estate is pleased to be selected as the exclusive listing broker for the 35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22, 925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1, 525 for the 1x1's and $1, 700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and rent ready creating significant equity growth almost immediately after purchase and lease-up. The subject property as a whole has been renovated with new exterior paint, all new vinyl windows, new laundry machines and all new interiors. The Pointe 38 Apartments presents investors a unique equity growth opportunity with minimal capital outlay. Please contact Marc Guillon for the offering memo.For more details: https://realtyww.info/homes_vallejo-d530001/for-sale_i70132694
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More About this Listing: Home For Sale In Vallejo, California
Home For Sale In Vallejo, California is a Single-Family Homes for Sale at 1321 Santa Clara St in Vallejo CA. Find other listings like Home For Sale In Vallejo, California and listings near 1321 Santa Clara St by searching Oodle Classifieds for Single-Family Homes for Sale in Vallejo CA.
Home For Sale In Vallejo, California is a Single-Family Homes for Sale at 1321 Santa Clara St in Vallejo CA. Find other listings like Home For Sale In Vallejo, California and listings near 1321 Santa Clara St by searching Oodle Classifieds for Single-Family Homes for Sale in Vallejo CA.