410 S 34th St, Richmond, CA 94804

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.