Rio Vista, CA94571
| 0 sqft | MLS# 41103172
Tract:
For Sale $595,000
Description
www.140Drouin.com; 4-unit apartment complex offering one 2bd/1bth unit and three 1bd/1bth units with solid current income and excellent future rental upside. 5.7% current cap rate and 11.6 GRM. One 1b/1bth unit can be delivered vacant at closing making a perfect set-up for an owner-occupant. The property was built in 1965, offers approximately 2,600 square feet of rental space, and sits on a large 7,670 square foot lot with 11 off-street parking spaces. The property has been remodeled over time and offers updated kitchens, bathrooms, new electrical, new flooring and more. The property is located at the end of a quiet street with only a few neighbors and an open space area behind the property offering maximum privacy. The property is easy to manage, and many units are below market in rent offering considerable upside for the next investor. All deferred maintenance has been addressed and the units are separately metered for PG&E providing for a turn-key property with low annual operating expenses.
Facts
| Built in 1965 | Lot Size: 7670.00 sqft | HOA Dues: $0/month
Features
Listing provided by David Howarth, The Pinza Group, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of July 6, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.