144 Florida St 150, Vallejo, CA

About 144 Florida St 150

Attention Investors!!! This marina and waterfront view fourplex delivers a strong 10.25 CAP rate with four spacious 2 bedroom 1 bath units, each offering approximately 860 square feet and large balconies overlooking the water and marina. Located just minutes from freeway access, the Yacht Club, and the Ferry Building, this property is ideal for Bay Area commuters and benefits from strong market rents, additional garage income, and on site coin operated laundry that produces consistent monthly cash flow. Major capital improvements include a new roof and gutters in 2022, updated plumbing, separate 2022 water heaters and utility lines for each unit, fully rebuilt and permitted balconies, updated patio doors, partial dual pane windows, and modernized interiors featuring laminate flooring, fresh interior paint, updated kitchens and bathrooms, and stainless steel appliances 2022 or newer. A detached rear parking garage provides one dedicated space per unit, while the included coin operated washer and dryer further boosts income. Mature fruit trees including nectarines, plums, figs, apricot and orange, along with no side neighbor and beautifully landscaped stairways, create a private and relaxing setting, making this a rare opportunity to acquire a waterfront fourplex with strong cash flow, completed capital upgrades, and long term upside.

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