324 Idora Ave Vallejo CA 94591 MLS #41124086

Remodeled duplex with with excellent cash flow potential. The current cap rate is 7.40% and the Current GRM is 9.48. The property features two detached homes offering one 2bd/1bth unit and one 1bd/1bth unit. The back house will be delivered vacant at close of escrow making a perfect set-up for an owner-occupant. The property was originally built in 1930, offers approximately 1,274 square feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The homes have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is one of the best locations in Vallejo with a very nice block surrounded by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that’s easy to rent.