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150 Florida St 4 Unit Apartment Building $1,125,459 CAD ($281,365 CAD/Unit) 11.53% Cap Rate Vallejo, CA 94590
Investment Highlights
- Strong In-Place Yield with Upside (10.25% CAP + Value-Add)
- Irreplaceable Waterfront Location with Commuter Demand
- Heavy Capital Expenditure Risk Already Addressed
Executive Summary
Attention Investors! Major Price Reduction on a FOURPLEX at 144–150 Florida Street in Vallejo!
This marina view FOURPLEX features four 2 bedroom, 1 bath units with large balconies overlooking the water. Conveniently located near freeway access, the Yacht Club, and the Ferry Building.
Attached is the updated pro forma. One tenant has been in place for more than 10 years and currently pays only $1,000 per month. The other three units are vacant, offering tremendous upside. Recent improvements include a newer roof, updated plumbing, separate water heaters and utility lines, and rebuilt permitted balconies.
The property has been heavily discounted to account for approximately $50,000 in dry rot repairs and another $15,000 to complete the interiors of two units. Sold strictly as is.
Call me if you or one of your investors is interested.
Tom Rapisarda
Rapisarda Real Estate
(707) 592-2852
This marina view FOURPLEX features four 2 bedroom, 1 bath units with large balconies overlooking the water. Conveniently located near freeway access, the Yacht Club, and the Ferry Building.
Attached is the updated pro forma. One tenant has been in place for more than 10 years and currently pays only $1,000 per month. The other three units are vacant, offering tremendous upside. Recent improvements include a newer roof, updated plumbing, separate water heaters and utility lines, and rebuilt permitted balconies.
The property has been heavily discounted to account for approximately $50,000 in dry rot repairs and another $15,000 to complete the interiors of two units. Sold strictly as is.
Call me if you or one of your investors is interested.
Tom Rapisarda
Rapisarda Real Estate
(707) 592-2852
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$158,710
|
$46.14
|
| Other Income |
$28,703
|
$8.34
|
| Vacancy Loss |
$9,371
|
$2.72
|
| Effective Gross Income |
$178,042
|
$51.76
|
| Taxes |
$21,105
|
$6.14
|
| Operating Expenses |
$27,187
|
$7.90
|
| Total Expenses |
$48,292
|
$14.04
|
| Net Operating Income |
$129,749
|
$37.72
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $158,710 |
| Annual Per SF | $46.14 |
| Other Income (CAD) | |
|---|---|
| Annual | $28,703 |
| Annual Per SF | $8.34 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,371 |
| Annual Per SF | $2.72 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $178,042 |
| Annual Per SF | $51.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,105 |
| Annual Per SF | $6.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,187 |
| Annual Per SF | $7.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,292 |
| Annual Per SF | $14.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $129,749 |
| Annual Per SF | $37.72 |
Property Facts
Amenities
Unit Amenities
- Balcony
- Kitchen
- Tub/Shower
- Family Room
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,306 CAD | 727 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0055-094-100 | Total Assessment | $1,182,785 CAD |
| Land Assessment | $292,769 CAD | Annual Taxes | $21,105 CAD ($6.14 CAD/SF) |
| Improvements Assessment | $890,016 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0055-094-100
Land Assessment
$292,769 CAD
Improvements Assessment
$890,016 CAD
Total Assessment
$1,182,785 CAD
Annual Taxes
$21,105 CAD ($6.14 CAD/SF)
Tax Year
2025
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150 Florida St
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