Multifamily For Sale

Overview

Highlights

• Extensive Renovations: The property features a new roof, updated plumbing, electrical systems, and a complete modernization of both exterior and interior spaces across all units.
• High Income Generation: Near-market rents, multiple revenue streams, and tenant utility bill backs that ensure robust cash flow.
• Rare Unit Amenities: Each unit is equipped with in-unit full-sized laundry facilities, forced air HVAC systems for climate control, and a stainless steel appliance package including microwave/hood and dishwasher.
• Excellent Location: 0.5 miles from I-80 on and off ramps and ideally situated next-door to a shopping center. The prestigious Gateway Plaza, featuring major national retailers such as Lowe's, Home Depot, Kohl's, Target, Costco, and Best Buy, is also less than 2 miles away.

Description

27 Panorama offers a rare investment opportunity in central Vallejo, completely rebuilt in 2022 after a fire and meticulously upgraded to modern standards. This property boasts like-new condition, featuring updated units with amenities rarely found in smaller properties. Each unit has been thoughtfully enhanced with new windows, doors, vinyl plank flooring, and in-unit full-sized washer/dryers. The kitchens are equipped with new cabinetry, countertops, and a 5-piece stainless steel appliance package. Bathrooms have been refurbished with new fixtures, flooring, vanity and shower tub combo. Additionally, new sub-panels were added and new air condensers for the forced air HVAC system ensure efficiency and comfort. Managed by professionals, the property achieves high income potential while minimizing operating costs, making it a turnkey investment opportunity.

Location

Located just half a mile west of I-80, the property offers easy access to major Bay Area employment centers. Adjacent to the Redwood Tuolumne shopping center, tenants enjoy convenient access to restaurants, groceries, and essential services. The Gateway Plaza shopping mall, featuring popular national retailers, is less than 2 miles away.

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