643 E I St
Benicia,
CA
94510
Property Details
List Price: |
$1,649,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
3304 |
Agency: |
Stocking Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1970 |
Notes: |
101,000 PRICE REDUCTION: 5 units located in the sought-after landlord-friendly Solano County.. 5th unit has rental income of $2,195. Pride of Ownership units (same owner for 20+years) are located in a neighborhood of beautiful custom water-view homes. Views of the bay from upper unit and only 1 block to the water. 4 2-bedroom units and an additional studio unit. All but one of the units have been completely upgraded and remodeled. The 2 bedroom units are separately metered for gas and electricity . The complex has an onsite coin-operated laundry. Development possibility for additional units with garages - check with Planning Department of Benicia. Gross Rental Income $126,960 per year.(includes laundry income) 13.78 is the Gross Rent Multiplier. Cap Rate is 5. |
MlsNumber: |
41060018 |
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Listing Provided By: |
Stocking Realty, original listing |
Name: |
Stocking Realty |
Phone: |
(925) 200-6988 |
Office Name: |
Stocking Realty |
Office Phone: |
(925) 443-3000 |
Agent Name: |
Gerarda Stocking |
Disclaimer: |
Copyright © 2024 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |