4-Units | Old City Vallejo

Vallejo, strategically located in the San Francisco Bay Area, offers a compelling opportunity for real estate investors focused on apartment buildings. Known for its rich history and vibrant community, Vallejo is experiencing a renaissance, driven by its affordability compared to neighboring cities and a surge in economic development. With proximity to major metropolitan areas like San Francisco and Oakland, Vallejo provides an attractive option for renters seeking more affordable housing without sacrificing access to urban amenities and job markets. The city's infrastructure and amenities make it particularly appealing for potential residents and, by extension, investors. Vallejo boasts excellent transportation links, including ferry services to San Francisco, easy access to major highways, and a well-connected public transit system. Additionally, the presence of top-notch healthcare facilities, diverse dining options, cultural attractions such as the Mare Island Historic Park, and recreational opportunities around the waterfront contribute to a high quality of life for residents, increasing the demand for rental properties. Investing in apartment buildings in Vallejo offers a promising blend of growth potential and stability. The city's ongoing revitalization efforts, including downtown redevelopment and waterfront projects, are enhancing property values and creating a dynamic environment for real estate investments. With a steady population growth and a strong rental market driven by young professionals, families, and retirees, Vallejo presents a lucrative market for investors looking to capitalize on the rising demand for quality rental housing in a thriving community. Scores Walk Score - 85 Transit Score - 30 Bike Score - 66Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.