643 E I St, Benicia, CA 94510
Property
Sold October 2024
Listing Agent: Gerarda Stocking (DRE #00586995) · Listing Office: Stocking Realty · Contact: 925-443-3000 · Bought with: Gerarda Stocking · Stocking Realty & Investments · MLS #41060018 · Source: CRMLS
About this property
101,000 PRICE REDUCTION: 5 units located in the sought-after landlord-friendly Solano County.. 5th unit has rental income of $2,195. Pride of Ownership units (same owner for 20+years) are located in a neighborhood of beautiful custom water-view homes. Views of the bay from upper unit and only 1 block to the water. 4 2-bedroom units and an additional studio unit. All but one of the units have been completely upgraded and remodeled. The 2 bedroom units are separately metered for gas and electricity . The complex has an onsite coin-operated laundry. Development possibility for additional units with garages - check with Planning Department of Benicia. Gross Rental Income $126,960 per year.(includes laundry income) 13.78 is the Gross Rent Multiplier. Cap Rate is 5.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history