739 Alabama Street Vallejo, CA 94590

This is a large property. 2 buildings and 3 spacious units all independently metered for gas and electric. A great opportunity to start your real estate portfolio or add to it on your way to being a real estate mogul. Rentometer.com puts rents between $5385 (lower range), and $5942 (mid range), mo...nthly. Gross rent multiplier of 10 is based on an average of these two numbers. The CAP rate based on 60% of that average number. (60% is a reasonable industry-standard for net rental income after deducting expenses.) Live in one unit and rent the other two or rent all three. A great opportunity either way. Three separate electric meters and three separate gas meters Continue reading