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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$1,250,000
Est. payment /mo
2 Beds
1 Bath
4,814 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,814 sqft
Price per Sqft $259
MLS Listing ID EB41136845
Bedrooms 2
Year Built 1963
Lot Size 7,875 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
www.410s34th.com; 6-unit apartment complex with excellent current cash flow and strong upside. The current cap rate is 7.90% and the current GRM is 8.86%. The unit mix is ideal and includes six 2bd/1bth units and is nearly 100% occupied. The property was originally built in 1963, offers approximately 4,814 square feet of living space, and sits on 7,875 square feet lot with off-street parking for all tenants. The property is separately metered for water, gas, and electric providing for low annual operating expenses. The units have been remodeled over time and offer a mix of updated kitchens and bathrooms with wood floors, double pane windows, and new paint. The owner manages self-manages the building and all the tenants are nice and current on rent. The exterior and interior are in great condition with no deferred maintenance. The neighborhood is comprised of mostly single-family homes with few other apartment buildings reducing local inventory. There are many local restaurants and shopping options nearby with easy access to HWY580 and HWY80 making this a high-demand location for tenants. Vacant units rent fast and tenants stay for long periods of time making this an ideal investment location.
Location
State CA
County Contra Costa
Area Richmond - South
Interior
Cooling Other
Flooring Other
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 6.0
Roof Type Other
Building
Lot Description Other
Others
Tax ID 513-163-008-8
Special Listing Condition New, Not Applicable
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