416 Benicia Rd Vallejo, CA 94590

16-unit apartment complex spread across two parcels with 8 units per parcel. 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 originall...y 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. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive, turn-key investment. Continue reading