Listing courtesy of Nick C Muccitelli, Vanguard Properties 818-620-6954
This 1880's historic Victorian multi-unit opportunity offers a healthy 4.3 - 4.6 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 a 5-minute walk 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 SF: 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 3rdSt., 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. Profit and Loss details available on request.
This 1880's historic Victorian multi-unit opportunity offers a healthy 4.3 - 4.6 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 a 5-minute walk 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 SF: 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 3rdSt., 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. Profit and Loss details available on request.
Residential
2 Houses on Lot
1887
2
--
0.11
Active
38
2,874 Sq. Ft.
4,792 Sq. Ft.
Location
- 0
- Dryer Included, Inside Room, Washer Included
- Wall Unit(s)
- Wall Furnace
Nick C Muccitelli
Vanguard Properties
Napa
325033893
Close Of Escrow
Average List Price
$1,168,313
17%
Average Sale Price
$1,144,254
18%
Days on Market
64
46%
Homes Sold
40
5%
Median List Price
$875,000
9%
Median Sale Price
$875,000
10%
Sale/Price Ratio
98%
3%
Homes for Sale
102
40%
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