16-unit apartment complex spread across two parcels with 8 units per parcel. The current cap rate is 6.98% and the current GRM is 9.29. Seller financing is being offered as low as 4.25% interest rate, interest only, 8-year term, with a 30% down payment. The unit mix consists of 5 2bd/1bth units, 8 1bd/1bth units, and 3 studio units with strong current cash flow and excellent rental upside. Seller financing is being offered with excellent terms. The property was originally built in 1937, offers approximately 11,803 square feet of living space, and sits on a 9,582 square foot combined lot with off-street parking. Many units have been remodeled over time and offer new kitchen and bathrooms, new paint, new double pane windows, and more. The property is easy to manage, all the tenants are current on rent, and an onsite property manager is not legally required due to the property having only 8 units per parcel. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive, turn-key investment.

EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

- 16-Units Consisting of Five 2bd/1bth Units, Eight 1bd/1bth Units, and Three Studios
- Remodeled Units With Strong Current Income, Excellent Rental Upside, and Low Annual Operating Expenses
- Seller Financing Available as Low as 4.25% Interest Rate, Interest-Only, 8-Year Term, with a 30% Down Payment
- Attractive Vallejo With Easy Access To HWY80 , Mare Island, And the Downtown Vallejo Historic District
- Two Separate Parcels with 8-Units Each - No On-site Manager Required
- Low Maintenance Property with Upgraded Systems, Newer Roof, and Double-Pane Windows