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Historic Victorian Multi-unit in Prime Napa Location

USD $1,370,000
747 3rd Street #A + B, Napa, California, 94559, USA
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Property Highlights

  • Historic Victorian multi-unit property
  • New landscaping and updated paint
  • Close to Downtown Napa dining and shops
  • Two structures with three private units
  • Common laundry and courtyard areas
  • Roof replaced five years ago

Overview

New landscaping, updated paint, NEW PRICE! 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.
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Property Features

747 3rd Street #A + B, Napa, California, 94559, USA offers the following features:

Bedrooms: 6
Bathrooms: 3 Full
Living Area: 2874sf
Property Type: Residential
Status: Active
Reference ID: 325033893

What's Nearby

Local businesses near 747 3rd Street #A + B, Napa, California, 94559, USA:

School: < 1 mile
Gym: < 1 mile
Public Transportation: < 1 mile
Police Station: < 1 mile
Grocery/Shopping Center: < 1 mile
Hospital: < 1 mile

Map

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