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Listed by Tom Rapisarda • Rapisarda Real Estate
$ 850,000
Est. payment /mo
Price Dropped by $49K
144 Florida ST #150 Vallejo, CA 94590
1,222 Beds
4 Baths
3,440 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,440 sqft
Price per Sqft $247
MLS Listing ID 326007288
Bedrooms 1222
HOA Y/N No
Year Built 1984
Lot Size 6,499 Sqft
Property Sub-Type Quadruplex
Property Description
Attention Investors!!! This marina and waterfront view fourplex delivers a strong 10.25 CAP rate with four spacious 2 bedroom 1 bath units, each offering approximately 860 square feet and large balconies overlooking the water and marina. Located just minutes from freeway access, the Yacht Club, and the Ferry Building, this property is ideal for Bay Area commuters and benefits from strong market rents, additional garage income, and on site coin operated laundry that produces consistent monthly cash flow. Major capital improvements include a new roof and gutters in 2022, updated plumbing, separate 2022 water heaters and utility lines for each unit, fully rebuilt and permitted balconies, updated patio doors, partial dual pane windows, and modernized interiors featuring laminate flooring, fresh interior paint, updated kitchens and bathrooms, and stainless steel appliances 2022 or newer. A detached rear parking garage provides one dedicated space per unit, while the included coin operated washer and dryer further boosts income. Mature fruit trees including nectarines, plums, figs, apricot and orange, along with no side neighbor and beautifully landscaped stairways, create a private and relaxing setting, making this a rare opportunity to acquire a waterfront fourplex with strong cash flow, completed capital upgrades, and long term upside.
Location
State CA
County Solano
Area Vallejo 5
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Varies by Unit
Flooring Laminate, Tile, Varies by Unit
Exterior
Parking Features Detached, Garage, Off Street
Garage Spaces 8.0
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition Offer As Is
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