552 Wilson Ave, Vallejo, CA, 94590

552 Wilson Ave Vallejo, CA 94590

552 Wilson Ave, Vallejo, CA,  94590
552 Wilson Ave, Vallejo, CA,  94590
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$799,000
Last Verified:
Feb 26, 2024

Highlights

  • Priced to Sell!
  • 4 Vacant ~ 874sqft. 2b/1b units individually metered for PG&E
  • New Owners can minimize costs by implementing a Reimbursement Utility Billing System
  • One of the best locations in all of Vallejo
  • Value Add Opportunity - Tremendous Upside for Fix & Flippers or Buy & Holders
  • Huge 9,303sqft. Lot - ADU Potential!
  • Waterfront Property next to hiking trails and excellent commuting options such as the Ferry Building, Vallejo Bridge, and major freeways
  • Close proximity to downtown Vallejo & major retailers.

Description

552 Wilson Avenue boasts beautiful water and city views, Mare Island, and is walking distance to the marina with the ferry terminal to San Francisco. Additionally, the residents enjoy proximity to a diverse range of grocers, restaurants, parks, and public services within walking distance. 552 Wilson is located about one mile northwest of the heart of Vallejo in Vallejo Heights. The peaceful neighborhood boasts rich diversity and unmatched views of the Napa River. Locals are drawn to the neighborhood’s natural beauty, scenic views, and tranquil environment. Vallejo Heights has many parks for residents to enjoy, such as Terrace Park, Sheveland Park, and River Park. Tenants are just a brief drive from local attractions, including Mare Island Naval Shipyard, Six Flags Discovery Kingdom, Napa Wine Country, and San Francisco.

Vallejo is located in Southern Solano County 30 miles from San Francisco and 15 miles south of Napa. Vallejo boasts beautiful water and city views and great public transportation.


Year Built: 1924
Building Size: 3494sq ft
Lot Size: 0.21 acres

Map of 552 Wilson Ave, Vallejo, CA, 94590

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.