1112 East 6th Street
Benicia,
CA
94510
Property Details
| List Price: |
$3,799,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Pending |
SqFt: |
14880 |
| Agency: |
Berkshire Hathaway Franciscan Properties |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
MultiFamily |
| Year Built: |
1965 |
| Notes: |
Attractive corner lot 16-Unit contemporary Apartment Complex in a well-established & serene Benicia neighborhood with top-rated amenities including parks, schools, shopping and downtown close by. 1112 6th Street, which consists of 3 freestanding buildings on a .57 Acre lot, with eight 3BD/1BA and eight 2BD/1.5BA units, will be delivered with 5 units vacant at close. 8 of the apartments are 2-level townhouse-style units w/private rear patios, 1.5BAs & a shared front garden. The complex also features parking for most tenants, including 7 covered spots, and a commercial laundry room. Per the public tax records, the property measures 14,880 Sq Ft on the interiors, and is located on a 25,000 Sq Ft lot. The complex has a projected gross annual income in the $389,000 range with a projected Cap Rate in the 5.7% range and upside for the next owners. Last sold in 2020, many of the units have been updated, and the previous owners stated they had completed exterior front-building repairs and updates including new Mansard siding, asphalt-replacement, curb drainage, water main pipes, and 2 new staircases. Excellent location, w/easy access to shopping, dining, parks, schools, public transit and freeway access, should provide an attractive tenant offering for years to come. |
| MlsNumber: |
324030565 |
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| Listing Provided By: |
Berkshire Hathaway Franciscan Properties, original listing |
| Name: |
Berkshire Hathaway Franciscan Properties |
| Phone: |
(415) 664-9400 |
| Office Name: |
Berkshire Hathaway-Franciscan |
| Office Phone: |
(415) 664-9400 |
| Agent Name: |
Andrew de Vries |
| Disclaimer: |
Copyright © 2024 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
