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400 Ohio Street

Vallejo, CA 94590
  • $949,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: 322064934
UPDATED: 48 min ago
$949,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,574
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

Description

Great opportunity for an investor or owner-user. This property is 2 houses on 1 lot but a total of 4 units. The green Victorian at 400 Ohio St is a triplex and the yellow home at 1012 Santa Clara St is a single family home. Properties are being sold as-is and needs a little TLC. My pro forma calculations for rental income is approx $7300/month, or approx $87,600/year. If the buyer puts 20% down payment the monthly mortgage could be approx $5200/month (at current interest rate). The property would cash flow a profit. The other scenario is for the owner user: if buyer decides to live in the big house & rent the other 3 units to help with the mortgage, that rental income could bring in approx $5000/month allowing the buyer to offset their mortgage. Prime location close to the Ferry terminal, waterfront, Mare Island, farmers market, Hwy 37 and I-80.

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© 2022 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 Napa River Realty | Hiemstra Properties Inc.. Data last updated: 2022-08-15T22:57:15.987.
www.napariverrealty.com/homes/130723040
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400 Ohio Street Vallejo, CA 94590

  • Price: $949,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 48 min ago
  • ID#: 322064934
5
Beds
2
Baths
0
½ Baths
0.15
Acres
2,574
SQFT
$369
$/SQFT
1890
Built
Neighborhood:
Vallejo 5
County:
Solano
Area:
Vallejo 5
Property Description
Great opportunity for an investor or owner-user. This property is 2 houses on 1 lot but a total of 4 units. The green Victorian at 400 Ohio St is a triplex and the yellow home at 1012 Santa Clara St is a single family home. Properties are being sold as-is and needs a little TLC. My pro forma calculations for rental income is approx $7300/month, or approx $87,600/year. If the buyer puts 20% down payment the monthly mortgage could be approx $5200/month (at current interest rate). The property would cash flow a profit. The other scenario is for the owner user: if buyer decides to live in the big house & rent the other 3 units to help with the mortgage, that rental income could bring in approx $5000/month allowing the buyer to offset their mortgage. Prime location close to the Ferry terminal, waterfront, Mare Island, farmers market, Hwy 37 and I-80.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features CornerSidewalk Open Parking Spaces 0 Parking Features AttachedOff Street Parking Total 0 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 3 2 Bedroom Units Total 1 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Wall Furnace Laundry Features Other Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 0 Property Sub Type Quadruplex Property Type Residentialincome Sewer Public Sewer Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Tania Seabock of Coldwell Banker Realty.


© 2022 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 Napa River Realty | Hiemstra Properties Inc.. Data last updated: 2022-08-15T22:57:15.987.
 
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Napa River Realty | Hiemstra Properties Inc.
408 Georgia St
Vallejo CA, 94590