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2123 2nd St
Napa, CA 94559 Central Napa

$1,550,000 USD

Apartments For Sale • 3,056 SF

Property Details

Property Type Apartments
Total Building Size 3,096 SF
Lot Size 0.23 AC
Building Class C
Year Built 1898
Cap Rate 4.38 %
Zoning RT-5

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Approximately $157,000 in Recent Improvements - Recent work includes roofing, dry-rot repairs, exterior painting, unit renovations, flooring, applianc
                            
                                Central Napa Location - Convenient access to Downtown Napa, local services, retail amenities, public transportation, and regional roadway connections.
                            
                                Fully Occupied Five-Unit Investment - Five one-bedroom residences provide diversified rental income and immediate operating continuity.
                            
                                Measured Income-Growth Opportunity - Illustrative underwriting assumes a 10% rent increase for Units 1, 2, 4 and 5, while holding the recently leased 
                            
                                Six Off-Street Parking Spaces - Approximately 1.2 spaces per unit, with additional street parking available.

Property Flyers

2123 2nd st_ Napa

Cap Rate:

4.38 %

Public Transportation

Airport	Drive	Walk	Distance
Charles M Schulz - Sonoma County	66 min	-	48.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Michael Holcomb 707-294-2944 W Real Estate

2123 2nd St Napa, CA 94559 Central Napa