Investment Overview

The Sharis Apartments at 453-415 East Fleming Avenue, Vallejo, CA are a well-kept, clean apartment complex in an ideal with great access to nearby employment centers. The property is minutes to the San Francisco Bay and Napa Marsh and is perched atop a hillside just seven minutes from the Vallejo Ferry Terminal. Built circa 1975, (per county records) the two-story complex consists of three main buildings around a large courtyard, with a fourth building housing an office, maintenance, and laundry facility. This offering boasts large patios and balconies and is well designed with a manicured central grass courtyard and covered carport parking to the side and rear of the spacious 0.58-acre parcel. The property is located near to Hwy Highway 80, allowing convenient access to tenants for those who commute by car to major nearby job centers, or providing an easy commute via. ferry to downtown San Francisco. The complex unit mix consists of (20) 1Br/1-Bath and (12) Br/1-Bath apartments, with a sliding door to either a balcony or patio. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, electric stoves, garbage disposals, ceiling fans, and gas-wall heaters. Each unit is separately metered for PG&E, with utility bill-back to tenants in place, thus ensuring predictable steady operations for the new buyer with minimal expenses.