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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,550,000

Est. payment -/mo

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Pending

643 E I St Benicia, CA 94510

6,155 Sqft Lot

UPDATED:

09/30/2024 06:53 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 41060018

HOA Y/N No

Year Built 1970

Lot Size 6,155 Sqft

Property Description

101,000 PRICE REDUCTION: 5 units located in the sought-after landlord-friendly Solano County.. 5th unit has rental income of $2,195. Pride of Ownership units (same owner for 20+years) are located in a neighborhood of beautiful custom water-view homes. Views of the bay from upper unit and only 1 block to the water. 4 2-bedroom units and an additional studio unit. All but one of the units have been completely upgraded and remodeled. The 2 bedroom units are separately metered for gas and electricity . The complex has an onsite coin-operated laundry. Development possibility for additional units with garages - check with Planning Department of Benicia. Gross Rental Income $126,960 per year.(includes laundry income) 13.78 is the Gross Rent Multiplier. Cap Rate is 5.

Location

State CA

County Solano

Interior

Heating See Remarks

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl

Fireplace No

Appliance Dryer, Washer

Exterior

Garage On Street

Parking Type On Street

Total Parking Spaces 6

Building

Lot Description Back Yard

Sewer Public Sewer

Others

Tax ID 0089073190

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Listed by Gerarda Stocking • Stocking Realty

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

643 E I St Benicia, CA 94510

Key Details

Location

Interior

Exterior

Building

Others

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643 E I St