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Listed by David Howarth • The Pinza Group, Inc
$ 595,000
Est. payment /mo
New
140 Drouin Dr 34-37 Rio Vista, CA 94571
2,582 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,582 sqft
Price per Sqft $230
MLS Listing ID 41103172
HOA Y/N No
Year Built 1965
Lot Size 7,670 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
www.140Drouin.com; 4-unit apartment complex offering one 2bd/1bth unit and three 1bd/1bth units with solid current income and excellent future rental upside. 5.7% current cap rate and 11.6 GRM. One 1b/1bth unit can be delivered vacant at closing making a perfect set-up for an owner-occupant. The property was built in 1965, offers approximately 2,600 square feet of rental space, and sits on a large 7,670 square foot lot with 11 off-street parking spaces. The property has been remodeled over time and offers updated kitchens, bathrooms, new electrical, new flooring and more. The property is located at the end of a quiet street with only a few neighbors and an open space area behind the property offering maximum privacy. The property is easy to manage, and many units are below market in rent offering considerable upside for the next investor. All deferred maintenance has been addressed and the units are separately metered for PG&E providing for a turn-key property with low annual operating expenses.
Location
State CA
County Solano
Interior
Heating Other
Cooling Other
Flooring Tile, Wood
Fireplace No
Building
Lot Description Other
Water Water District
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