Attractive corner lot 16-Unit contemporary Apartment Complex in a well-established and serene Benicia neighborhood with top-rated amenities including parks, schools, shopping, and Downtown Benicia close by.

1112 East 6th Street, which consists of three freestanding buildings on a large .57 Acre lot, with eight 3BD/1BA and eight 2BD/1.5BA units, will be delivered with 5 units vacant at close and ready for the next owners to obtain market-rate rents.

Eight of the apartments are two-level townhouse-style units with private rear patios, 1.5BAs each, and a shared front garden. The complex also features parking for most tenants, including 7 covered spots in the back of the front building, and a separate commercial laundry room located on the ground floor of the front building.

Per the public tax records, the property, which is located near City parks, downtown Benicia and the Benicia Pier, measures 14,880 Sq Ft on the buildings’ interior, and is located on a 25,000 Sq Ft lot (buyers to verify all Sq Ft for themselves).

The complex has a projected gross annual income in the $389,000 range with a projected Cap Rate in the 5.7% range with upside for the next owners.

Last sold in 2020, many of the units have been updated, and the previous owners stated they had completed exterior front-building repairs and updates including new Mansard siding, asphalt-replacement, new curb drainage, new pipes to water main, and two new staircases at the front building.

Located in an excellent Benicia location, with easy access to shopping, dining, parks, schools, and public transit and freeway access, 1112 East 6th Street should provide an attractive tenant offering for years to come.

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