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Listed by Conner Applegate • Conner Applegate, Broker
$ 959,000
Est. payment | /mo
3,212 SqFt
$ 959,000
Est. payment | /mo
3,212 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,212 sqft
Price per Sqft $298
Subdivision Richmond
MLS Listing ID 41117746
HOA Y/N No
Year Built 1965
Lot Size 6,400 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Well-maintained 4-unit complex with significant upside potential. All units rent below market, with three substantially under area rates. The property features four larger-than-average units that are two bedroom one bath each, four detached covered parking garages that could be converted to ADUs under new state overlay, and a spacious backyard suitable for additional ADU development. Fully occupied with strong rental demand. Recent upgrades include new roofs, one remodeled unit, interior wall insulation, flooring, stucco & window upgrades. Laundry hookups available for coin/card-op conversion. See current cap rate 6.09 and proforma 9.14%, view in disclosure packet. Low 3% interest rate avalible for investors with large downpayment. Contact listing agent for details.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile
Fireplace No
Laundry Coin Operated, Laundry Room
Exterior
Handicap Access Other
Building
Lot Description Corner Lot
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745