Great solid cash flow on this property and still more room for rent increases! 7.46% cash-on-cash! This is the real deal! All numbers are actual and not projected. This is a three story building with twelve - 1 bedroom, 1 bath units. Six of the units have balconies. Most of the middle and top floor apartments have nice views of the Vallejo valley and Mount Diablo. Some of the end units have partial water views.

A coin operated laundry room with storage lockers is on site. There are 18 uncovered parking spaces in the parking lot.

The tenant quality is above average and many have remained for a long time. This building has been home to many Touro Medical University students over the years. This university is located about 5 minutes away on Mare island.

Frey Place is located in the northwest quadrant of Vallejo, The property has convenient access to Interstate 37, 80 and 780 offering residents connections to the San Francisco Bay Area, Sacramento and Lake Tahoe, Silicon Valley and Marin/Sonoma. Vallejo also has a daily high speed ferry to San Francisco. Major industries include health care and entertainment.