Charming Victorian Multi Unit With Modern Amenities

This 1880s historic Victorian multi-unit opportunity offers a healthy four point four hundred seventy-three - four point eight hundred nineteen percent estimated capitalization 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 five minutes to Downtown Napa’s food scene and restaurants, tasting rooms, river front, shopping and more. Zoned Residential Transitional five and permitted as Multi-Family fewer than ten; 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 two structures with three units totaling two thousand eight hundred seventy-four square feet (per Napa County) all with private entrances. Unit A is a lower-level unit with two bedrooms, one bathroom, and a kitchen; Unit B is an upper-level unit with three bedrooms, one bathroom, a kitchen, and a private balcony overlooking third Street, and seven hundred Lawrence Street is a unit with one bedroom, one bathroom, and a kitchenette. The property has common laundry facilities and two common courtyard areas. Each unit is on separate heating and electrical systems. Water is shared amongst all units. The roof was replaced five years ago. On-street parking for all units. Managed by Crown Realty Property Management. Schedule C tax details available upon request.