Attractive corner lot 16-Unit contemporary Apartment Complex in a well-established & serene Benicia neighborhood with top-rated amenities including parks, schools, shopping and downtown close by. 1112 6th Street, which consists of 3 freestanding buildings on a .57 Acre lot, with eight 3BD/1BA and eight 2BD/1.5BA units, will be delivered with 5 units vacant at close. 8 of the apartments are 2-level townhouse-style units w/private rear patios, 1.5BAs & a shared front garden. The complex also features parking for most tenants, including 7 covered spots, and a commercial laundry room. Per the public tax records, the property measures 14,880 Sq Ft on the interiors, and is located on a 25,000 Sq Ft lot. The complex has a projected gross annual income in the $389,000 range with a projected Cap Rate in the 5.7% range and upside for the next owners. Last sold in 2020, many of the units have been updated, and the previous owners stated they had completed exterior front-building repairs and updates including new Mansard siding, asphalt-replacement, curb drainage, water main pipes, and 2 new staircases. Excellent location, w/easy access to shopping, dining, parks, schools, public transit and freeway access, should provide an attractive tenant offering for years to come.
MLS #
BA324030565
MLS Source
Bay Area Real Estate Information Services, Inc.
Buyer's Brokerage Compensation*
2.5
Appliances
Oven - Gas, Oven Range - Gas
Flooring
Carpet, Linoleum
Cooling
None
Heating
Wall Furnace
Roof
Composition
Foundation
Concrete Perimeter
Style
Contemporary
Garage/Parking
Attached Garage, Garage: 8 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 11 | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 860 | 2 | 1/0 | $2,150 | – | – |
2 | 850 | 2 | 1/1 | $2,100 | – | – |
3 | 0 | 0 | 1/0 | – | – | – |
1112 E 6th St is a Residential Income in Benicia, CA 94510. This 14,880 square foot property sits on a 0.573 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,799,000 and was built in 1965.
This address can also be written as 1112 E 6th St, Benicia, CA 94510.©2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay Area Real Estate Information Services, Inc.
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This listing information is up-to-date as of May 16, 2024. For the most current information, please contact Andrew de Vries