We welcome the exclusive sale of 509 Lincoln West in Vallejo, CA. The property is a single-story building containing a unit mix of five 2-bedroom, 1-bathroom apartments and six 1-bedroom, 1-bathroom apartments with 11 parking spaces and a coin-op laundry room. This property has existing strong cash flow realized on day 1 and has the potential for additional upside waiting to be unlocked. This property is to be purchased in "as-is" condition, and the seller intends to complete a 1031 exchange from the net sales proceeds.
Off market
Street View
Price Unknown
509 Lincoln Rd W, Vallejo, CA 94590
--beds
0baths
--sqft
5 or More Units
Built in 1964
-- sqft lot
$-- Zestimate®
$--/sqft
$2,023 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- Other
Features
- Flooring: Other, Hardwood
Property
Parking
- Total spaces: 11
Lot
- Size: 9,583 sqft
- Features: Other
Details
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Roof: Composition
Condition
- Year built: 1964
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Vallejo
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- WaterSource: Public
- Heating: Other, Gas
- HeatingYN: true
- CoolingYN: true
- Flooring: Hardwood, Other
- TenantPays: Cable TV, Electricity, Gas
- NumberOfUnitsTotal: 11
- Cooling: Other
- LotFeatures: Other
- OtherEquipment: Other
- InsuranceExpense: 3000
- Roof: Composition Shingles
- TotalActualRent: 0
- ProfessionalManagementExpense: 0
- ParkingFeatures: Space Per Unit - 1
- GrossIncome: 155400
- MaintenanceExpense: 6325
- VacancyAllowance: 4626
- MlsStatus: Active
- GrossScheduledIncome: 150774
- NetOperatingIncome: 100192
- OperatingExpense: 50581
- PropertySubType: 5 or More Units