$3,799,000 Price Analysis 1112 E 6th StBenicia, CA 94510 40 bed 0 bath 14,880 SqFt ($255/SqFt) 0.57 acre lot. Built 1965 Listed 2024-04-26, Taxes $42,962 | Ⓧ USDA Ineligible due to price & location near Benicia |
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 and 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.
Presented by Andrew De Vries at
Berkshire Hathaway HomeServices Franciscan Properties.
Property MLS #324030565 from SanFrancisco
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $2,794,800 + $816,000 $3,610,800 | $42,962 |
2021 | $2,740,000 + $800,000 $3,540,000 | $42,087 |
2020 | $370,624 + $64,638 $435,262 | $5,169 |
2019 | $363,357 + $63,371 $426,728 | $5,079 |
2018 | $356,233 + $62,129 $418,362 | $4,949 |
2017 | $349,249 + $60,911 $410,160 | $4,835 |
2016 | $342,401 + $59,717 $402,118 | $4,874 |
2015 | $337,258 + $58,820 $396,078 | $4,751 |
2014 | $330,652 + $57,668 $388,320 | $4,695 |
2013 | $329,158 + $57,407 $386,565 | $4,487 |
2012 | $322,704 + $56,281 $378,985 | $4,335 |
2011 | $316,376 + $55,177 $371,553 | $4,233 |
2010 | $314,011 + $54,765 $368,776 | $4,205 |
2009 | $314,757 + $54,895 $369,652 | $4,193 |
2008 | $308,585 + $53,819 $362,404 | $4,062 |
2007 | $302,534 + $52,764 $355,298 | $3,972 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.