1112 E 6th Street, Benicia CA 94510 (Off Market)

For Sale, USD 3,799,000


1112 E 6th Street, Benicia CA 94510,

Property Type : Multi-Family Home

Property Style : Contemporary

Build Size : 14,880 ft² / 1,382 m²

Land Size : N/A

Bedroom : 40

Bathroom : 3

Half Bathroom : 0

MLS#: N/A


Property Description

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.
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1112 E 6th Street, Benicia CA 94510, United States,California,Benicia is a 14,880ft² Benicia luxury Multi-Family Home listed for sale USD 3,799,000. This high end Benicia Multi-Family Home is comprised of 40 bedrooms and 3 baths. Find more luxury properties in Benicia or search for luxury properties for sale in Benicia.