1706 Sutter St. new 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
HOA Y/N No
Year Built 1917
Lot Size 0.356 Acres
Acres 0.36
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
Rooms
Basement None
Interior
Interior Features Storage
Heating MultiUnits
Cooling Ceiling Fan(s)
Flooring Concrete,Hardwood,Laminate,Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Water/Sewer Meter on Site,All Public Utilities,Individual Gas Meter
Parking Type Attached,Unassigned
Total Parking Spaces 31
Building
Lot Description Corner Lot,Security Gate
Sewer Public Sewer
Water Public
New Construction No