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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Richmond
MLS Listing ID 41117746
HOA Y/N No
Year Built 1965
Property Sub-Type Quadruplex
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
Flooring Laminate, Tile
Fireplace No
Exterior
Parking Features Garage, On Street
Total Parking Spaces 4
Building
Lot Description Back Yard, Corner Lot, Front Yard
Sewer Public Sewer
Others
Tax ID 5491920111
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
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Listed by Conner Applegate Conner Applegate, Broker
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