709 Pope Dr. Vallejo
Multifamily | 4 Units | $312,500/unit
Marketing description
Exceptional Investment Opportunity.
Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow.
Offered at an approximate 6.9% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property.
Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth.
A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
See disclosures file: https://app.disclosures.io/link/709-Pope-Drive-38ngsuoj ( copy & paste).
Investment highlights
Opportunity to increase rents yearly by ‘ on average’ 8%. That would equate into a additional $9,069 annual increase in the first year. See disclosures file: https://app.disclosures.io/link/709-Pope-Drive-38ngsuoj ( copy & paste).
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