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Listed by The Pinza Group, Inc
$ 1,250,000
Est. payment /mo
Active
410 S 34Th St Richmond, CA 94804
4,814 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Active
Purchase Type For Sale
Square Footage 4,814 sqft
Price per Sqft $259
Subdivision Pullman Area
MLS Listing ID 41136845
HOA Y/N No
Year Built 1963
Lot Size 7,875 Sqft
Property Sub-Type Garden Apts
Source Bridge AOR
Property Description
www.410s34th.com; 6.97% cap rate and 8.94 GRM. 6-unit apartment complex with excellent current cash flow and strong rental upside. The unit mix is ideal and includes six 2bd/1bth units with two backyards and is nearly 100% occupied. There is one vacant unit we are holding vacant for showing purposes and possible owner-occupants but can be leased before closing for investors. 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. The property is easy to manage and separately metered for 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, custom tile, and new paint. The owner 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 resulting in an attractive turn-key investment for the next owner.
Location
State CA
County Contra Costa
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
Water Public