315 25th St, Richmond, CA 94804

$2,850,000
14,168
SqFt

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List Price
$2,850,000
Status
ACTIVE
MLS#
41141554
Year Built
1912
Property Type
Garden Apts
Living Area
14,168
Lot Size
5,000
Acres
0.11
County
Contra Costa
Subdivision
Richmond

Property Description

21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The current cap rate is 9.56% and the current GRM is 7.05. The property is almost 100% occupied with stable cash flow and offers excellent in-place income and with strong rental upside. The property was originally built in 1912, offers approximately 14,168 square feet of rental space and sits on a 5,000 square foot corner lot. The unit mix consists of three commercial units, four 2bd/1bth units, five 1bd/bth units and nine studio units. Many of the units have been remodeled over time with an updated electric systems and newer roof. The property is easy to maintain and separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.

Additional Information

Flooring
Other
Lot Description
Other
Parking Features
Other
Roof
Other
Water Sewer
Public

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Calculator source: Real Geeks

Listing courtesy of David Howarth from The Pinza Group, Inc. 510-822-1331

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