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31122760
31122773

102-116 Avian Drive, Vallejo, CA 94591 For Sale

Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate
$1,950,000
122 days on market
Updated 58 days ago

102-116 Avian Drive

Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 8,208
Units 8
Cap Rate 5.43%
NOI $105,975
Occupancy 100%
Pro-Forma Cap Rate 6.11%
Pro-Forma NOI $119,152
Price per SqFt $238
Class B
Year Built 1968
Lot Size (SqFt) 18,630

8-unit remodeled Vallejo townhomes: quartz, stainless, in-unit laundry, balconies, & views

Marketing description

This 8-unit townhome-style apartment complex, located at 102-116 Avian Drive in Vallejo, presents a compelling investment opportunity. Recently remodeled units feature modern kitchens with quartz countertops and stainless steel appliances, spacious living areas with private balconies offering scenic views, and convenient in-unit laundry. The property is professionally managed, ensuring smooth operations, and includes dedicated parking. Situated in East Vallejo, residents enjoy easy access to public transportation and the natural beauty of nearby San Pablo Bay. The location's proximity to both Sacramento and San Francisco, coupled with the area's diverse community and calm residential atmosphere, drives strong rental demand. This property offers a stable income stream with potential for future appreciation in a thriving coastal California market.

The 8 unit townhome style apartments are located at 102-116 Avian Drive in Vallejo. Remodeled with updated kitchen with quartz counters, stainless steel appliances, spacious living room with private balcony and views, two levels, in-unit private laundry, one parking space, professionally managed and close to public transportation. The East Vallejo neighborhood represents city living at its best. Close to San Pablo Bay and only an hour from both Sacramento and San Francisco, the area provides a great place for renters looking for an apartment just north the San Francisco Bay. The diversity of the community and its surroundings give the neighborhood a unique cultural essence. Apartments, condos, and contemporary residential areas give the East Vallejo community a sense of calm among all of the other neighboring areas. Small diners, a few shops, and beautiful settings provide a great area for residency near California’s coast.

Listing Contacts

Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$105,975.23
$8,831.27/mo

Valuation Metrics

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DSCR
5.43%
Cap Rate
5.43%
ROI

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