5 1bd/1bth units with tremendous rental upside, onsite laundry, covered parking, ability to add an additional unit! Perfect for an owner user opportunity. Offers made sub to inspection, drive/walk property before writing offer. The Pinza Group is excited to announce another multifamily listing! 457 E N St in Benicia presents a unique opportunity for a new or seasoned investor to invest in an incredibly rare opportunity in the highly sought after city of Benicia, CA. The property boasts five 1bd/1bth units of varying sizes which are 100% occupied. All units have been well maintained over the years, however there is significant rental upside for the next investor who can renovate each unit to achieve market rents. The property is separately metered for PG&E, and there is on site parking and laundry which are highly attractive commodities for tenants. Further, the downstairs unit is over 900 square feet and can be converted into a studio to increase rental income. The property is also perfect for a new investor who wants to live in one of the units while collecting rental income. 457 East N Street has a Walk Score of 55 out of 100. This location is Somewhat Walkable so some errands can be accomplished on foot. This location is in a very safe and sougth after part of Benicia close to shopping, dining, and much more. Nearby parks include Ribiero Field, Jensen Park and Maria Field. The property is located just off the freeway and blocks from Benicia's popular downtown area, restaurants, and much more! Analysts predicts 94510 values will increase 4.8% next year, compared to a 4.8% increase for Benicia as a whole. Foreclosures will be a factor impacting values in the next several years. In 94510, the number of foreclosures waiting to be sold is exactly the same as for Benicia, and 17% less than the national average. Contact Steven Pinza, Esq. at Steve@PinzaGroup.com for a Complete Marketing Package
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