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Listed by Ryan Nemeyer • Engel & Volkers Napa • Realty One Group FOX
Realty One Group FOX
Realty One Group FOX
$ 2,395,000
Est. payment | /mo
1,111 Beds
4 Baths
5,590 SqFt
$ 2,395,000
Est. payment | /mo
1,111 Beds
4 Baths
5,590 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,590 sqft
Price per Sqft $428
MLS Listing ID 325041704
Bedrooms 1111
HOA Y/N No
Year Built 1948
Lot Size 0.661 Acres
Property Sub-Type 5 or More Units
Property Description
Incredible income-producing 15-unit apartment complex with steady cash flow and room for growth! 71-83 Solano Ave. presents a rare opportunity to acquire a turnkey multi-family asset with an assumable loan at an attractive 3.6 interest rate, subject to lender and seller approval. This property boasts a strong in-place cap rate making it a compelling acquisition for both seasoned and value-add investors. The unit mix includes studios and 1-bed layouts, attracting stable tenancy across multiple demographics. The property is situated on a large lot with potential for future development or expansion (buyer to verify). Updated exterior features, solid rent roll, and professional property management already in place make for a low-maintenance investment with immediate cash flow and upside potential. Located in Contra Costa County's growing Bay Point market, with close proximity to BART, Highway 4, and regional employment centers. Ideal for 1031 exchange buyers, LLC investors, or those seeking a long-term portfolio hold.
Location
State CA
County Contra Costa
Area Bay Point
Zoning M-17 County
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Exterior
Parking Features Uncovered
Garage Spaces 15.0
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition Offer As Is
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Milli Cannata
Broker Associate | Lic# DRE# 01990936