Turn-Key Asset

Highlights:

• Complete Interior/Exterior Rehab
• Fourteen (14) 1x1 Units
• Approx. 625 SqFt Each
• Tucker Under Parking
• Beautifully Landscaped Grounds
• Pro-Forma 6.77% Cap Rate
• Elevated Setting With Views

Description:

North Valley RE Advisors is pleased to present the 14-unit apartment
property located at 144 Hilborn Street in Vallejo, California. The
subject property consists of fourteen (14) one-bedroom, one bathroom
apartment units situated in the desirable Vallejo Heights
neighborhood.

The property features a highly efficient unit mix comprised entirely
of 1x1 units, a consistently strong rental format that appeals to a
wide range of tenants in the Vallejo rental market. The building offers
investors a well-located multifamily asset positioned within close
proximity to major employment centers, transportation corridors, the
Vallejo waterfront, and elevated West facing views of the Napa River.
144 Hilborn Street presents investors with the opportunity to acquire
a well-positioned 14-unit apartment building in a supply-constrained
Bay Area rental market. With Vallejo continuing to benefit from its
relative affordability compared to other Bay Area cities, the property
is well positioned to attract steady tenant demand from renters
seeking access to regional employment centers while maintaining
more attainable housing costs.

Offered at a list price of $2,400,000, the property provides investors
the opportunity to acquire a well-maintained multifamily asset with
attractive potential for future rental growth in one of the Bay Area’s
most accessible rental markets.