$2,775,000
$2,950,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
0.6 Acres Lot
SOLD DATE : 01/09/2023
Key Details
Sold Price $2,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40999406
Sold Date 01/09/23
HOA Y/N No
Year Built 1988
Annual Tax Amount $30,833
Lot Size 0.600 Acres
Property Description
The Grove features twelve large 2-bedroom 1 bath units each 840 square feet all of which were extensively remodeled by the current ownership. The units are equipped with new appliances, including full sized washer and dryer, new shaker cabinetry, granite countertops, shower/tub surrounds, vanities, plumbing and light fixtures, vinyl plank flooring, and fresh paint. All of the units also include 1 covered assigned parking stall, enclosed private patio or balcony and storage closet. Built in 1988 this is a very rare opportunity for an individual investor to purchase a late vintage property and newer than most similarly sized properties in sub-market. Additionally current ownership has implemented a utility reimbursement system that bills the tenants for water, garbage and sewer usage greatly reducing operating costs. This is a fantastic opportunity for an investor to acquire a turn key cash flowing property.
Location
State CA
County Solano
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 19
Building
Lot Description Corner Lot
Others
Tax ID 0061071250
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Bought with ETHAN BERGER • NAI Northern California