45 bedroom house for sale
$4,600,000 - Vallejo CA 94590Vallejo CA 94590
45 bedroom house for sale
- Beds: 45
- Price: $4,600,000
- Reference No.: 70132694
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Overview
Gravitas Commercial Real Estate is pleased to be selected as the exclusive listing broker for the 35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22, 925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1, 525 for the 1x1's and $1, 700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and rent ready creating significant equity growth almost immediately after purchase and lease-up. The subject property as a whole has been renovated with new exterior paint, all new vinyl windows, new laundry machines and all new interiors. The Pointe 38 Apartments presents investors a unique equity growth opportunity with minimal capital outlay. Please contact Marc Guillon for the offering memo. For more details and to contact: https://realtyww.info/homes_vallejo-d530001/for-sale_i70132694House Vallejo
This House for sale is located at Vallejo CA 94590. The home has 45 Bedroom. This 45 bedroom House in Vallejo CA is for sale for $4,600,000 .
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2024-04-02, Viewed 1 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-02, Viewed 1 times.
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