467 Fleming Ave is a wonderful opportunity for a new or seasoned investor. The property is a well maintained 16 unit apartment building located in a quiet neighborhood of Vallejo, California. The two story property was constructed in 1971 of concrete foundation, wood frame and stucco exterior. The property consists of approximately 10,512 square feet of residential living space spread out on over 23,637 square feet. The property consists of four two bedroom one bath units and twelve one bedroom one bath units. There is onsite laundry for additional income, and most of the units have had recent renovations throughout over the past few years. The property offers ample garage and onsite parking, and is well located close to dining, shopping, public transportation, and much more. Vallejo is one of the markets in the Bay Area which has emerged from the downturn and has grown considerably. Vallejo presents a great opportunity for an investor to come in, raise rents, and not be subject to rent control or other government scrutiny. 467 Fleming Avenue is near the California Maritime Academy and close proximity to highway 80, making this building perfect for all types of tenants. Nearby parks include Fairmont Park, Grant Mahoney Park and Hanns Park. Nearby schools include North Hills Christian School, Highland Elementary School and St Basil Elementary School. Many analysts predict 94590 values will increase 7.6% next year, compared to a 7.7% increase for Vallejo as a whole.
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