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    560 Wallace Avenue

    Vallejo, CA 94590
    • $450,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 22029668
    $450,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Mixed use property with value added opportunity for hands on purchaser. Two one bedroom apartments and one commercial space. Major repairs including new roof completed after fire (in one unit) approx. 2016. Future general plan may allow for commercial unit to be converted into residential if desired by new owner. Commercial space has been rented as storage for some time.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lisa Perotti | Corcoran Global Living. Data last updated: 2021-01-15T23:55:57.817.
    www.lisaperotti.com/homes/112710494
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    560 Wallace Avenue Vallejo, CA 94590

    • Price: $450,000
    • Status: Active
    • ID#: 22029668
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    Neighborhood:
    Vallejo 4
    County:
    Solano
    Area:
    Vallejo 4
    School District:
    Vallejo Unified
    Property Description
    Mixed use property with value added opportunity for hands on purchaser. Two one bedroom apartments and one commercial space. Major repairs including new roof completed after fire (in one unit) approx. 2016. Future general plan may allow for commercial unit to be converted into residential if desired by new owner. Commercial space has been rented as storage for some time.
    Exterior Features

    Exterior Stucco Foundation Construct Other Garage Parking Off StreetOn StreetSide By SideUncovered Lot Description LevelCityCorner Pool No Roof Tar & GravelOther Style Unknown Type 1 StoryApartmentsOther View No Yard Grounds Patio(S)

    Interior Features

    Fireplace No Floors ConcretePart CarpetVinyl/LinoleumWood Laundry Appliance None Unit1 Access Feat None Unit1 Approx Sq Ft 504 Unit1 Baths Full 1 Unit1 Bedrooms 1 Unit1 Half Baths 0 Unit1 Includes Apartment(S)Oven/Range Unit1 Sq Ft Source Not Measured Unit1 Total Rooms 3 Unit2 Access Feat None Unit2 Approx Sq Ft 1080 Unit2 Baths Full 0 Unit2 Bedrooms 0 Unit2 Half Baths 1 Unit2 Includes Other Unit2 Sq Ft Source Not Measured Unit2 Total Rooms 3 Unit3 Access Feat None Unit3 Approx Sq Ft 392 Unit3 Baths Full 1 Unit3 Bedrooms 1 Unit3 Half Baths 0 Unit3 Includes Apartment(S)Oven/RangePatio(S)RefrigeratorWall Furnace Unit3 Sq Ft Source Not Measured Unit3 Total Rooms 3 Unit4 Approx Sq Ft 0 Unit4 Total Rooms 0

    Property Features

    Auction No Cap Rate 5.00 City Transfer Tax Yes City Transfer Tax Rate 0.00 Common Int Dev No Deposits 0.00 Est Ann Net Income 13345.00 Est Insurance Exp 3730.00 Est Maintenance Exp 2400.00 Est Management 2640.00 Est Misc Expenses 1000.00 Est Taxes 5400.00 Est Total Annual Exp 19055.00 Est Utilities Exp 3885.00 Expense Source Owner GRM 13.89 Gross Scheduled Inc 32400.00 Lot Size Source (Realist Public Rec) Monthly Expenses 1587.92 Monthly Income 2700.00 Multifamily Type Multi Unit 2-4 New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageGasInsuranceMaintenanceMiscellaneousTaxes/AssessmentsWater Planned Unit Develop No Projected Or Actual Actual Property Mgmt Co Nesci Property Management Seller Will Consider Exchange/Trade Separate Meters OtherNone Sewer Septic Sewer Public Square Footage Source Against Co. Policy Subject To Crt Conf No Tenant Pays Cable Tv Transaction Type Sale Unit1 Rents For 1050.00 Unit2 Rents For 600.00 Unit3 Rents For 1050.00 Unit4 Rents For 0.00 Utilities Pg&E Water Source Water-Public Year Built Exception Unknown

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of David Tipp of Tipp Realty At Glen Cove.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lisa Perotti | Corcoran Global Living. Data last updated: 2021-01-15T23:55:57.817.
     
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