A rare single-story, fully-remodeled apartment complex is available for sale in popular south Napa. The property includes 6 units, each offering 2 bedrooms, 1 bathroom, and large private backyards. Close to downtown and popular shopping centers, this property offers easy access to Highway 29. While its location in south Napa makes for an easy commute, the property is tucked back off the main road down a private driveway. Each apartment unit was recently gutted and extensively remodeled with a new roof, new plumbing & electrical, beautiful new flooring, paint, appliances, and countertops. Large, front-facing windows provide bright, natural lighting that complement the cool tones used in the painting, flooring, and cabinetry. Each unit is like-new and fully-occupied. Tenants have signed one-year leases, and rents range from $2,600 to $2,750. The property offers a 4.0% Cap Rate (annual return on investment).
Listing Courtesy of BAREIS / W Real Estate Napa / Michael Holcomb
$750,000
Napa Area Residential Home
Sold
506 Lincoln Avenue Napa, CA 94558
2 Bed
1 Baths
1164 sqft
This is an opportunity to own a home on .34 of an acre centrally located and zoned by the City of Napa for high density housing. Located directly across the street from Ace & Vine, the premiere entertainment destination in Napa Valley, the main house has historic charm and flexible usage possibilities. The garage would make an excellent workshop and currently another dwelling space is located above. Ample parking for boat or other vehicles/equipment. RV pad and hook ups at the rear of the property. Endless possibilities.
Listing Courtesy of BAREIS / Coldwell Banker Brokers Of The Valley / Jenny Gass
