About 747 3rd St
This 1880s historic Victorian multi-unit opportunity offers a healthy 4.473 - 4.819 pct estimated cap rate and strong investment potential. Situated in the Soscol Gateway Neighborhood, neighboring Napa Valley Expo, Fairgrounds, and annual BottleRock musical festival venue, this coveted location is 5 minutes to Downtown Napa's food scene and restaurants, tasting rooms, river front, shopping and more. Zoned RT 5 and permitted as MLT FAM <10; its flexible layout accommodates a variety of uses, including single-family attached and detached units, multiple family apartments, and potentially some live-work housing. The property features 2 structures with 3 units totaling 2,874 sq. ft. (per Napa County) all with private entrances. Unit A is a lower-level unit with 2 BD, 1 BA, and a kitchen; Unit B is an upper-level unit with 3 BD, 1 BA, a kitchen, and a private balcony overlooking 3rd Street, and 700 Lawrence Street is a unit with 1 BD, 1 BA, and a kitchenette. The property has common laundry facilities and 2 common courtyard areas. Each unit is on separate heating and electrical. Water is shared amongst all units. Roof was replaced 5 years ago. On-street parking for all units. Managed by Crown Realty PM. Schedule C tax details available upon request.
Features of 747 3rd St
| MLS® # | 325033893 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,874 |
| Acres | 0.11 |
| Year Built | 1887 |
| Type | Residential |
| Sub-Type | 2 Houses on Lot |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 747 3rd St |
|---|---|
| Area | Napa |
| City | Napa |
| County | Napa |
| State | CA |
| Zip Code | 94559-3008 |
Amenities
| Utilities | Public |
|---|---|
| Features | Balcony, Uncovered Courtyard |
| Parking | No Garage |
| View | City, City Lights, Downtown |
| Has Pool | Yes |
| Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Corner, Curb(s)/Gutter(s) |
|---|
Additional Information
| Zoning | RT 5 |
|---|