Listing Courtesy of: Adam Garrett-Clark - Keller Williams Realty
323-2125
$899,999
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2116 Barrett Avenue Unit 2116 Richmond, CA 94801
Multi-Family
Residence
Beds
Baths
Sq. Ft.
0.13
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental... income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property, this property is a savvy move for a buy-and-hold investor. It's very clear that property values in Richmond are on the rise (New Ferry terminal to SF) and objective projections for equity appreciation are in the 30-40% range for the years (3-5) ahead. The property income opportunities include a laundry room (currently monitized by lease) 4 storage closets per unit and a carport for 1-2 off-street covered parking spaces per unit. All units are 2 bed 1 bath, and have been remodeled within the last 5 years. A detached 10'X10' Shed onsite opens up other possibilities. BART, shopping and major freeways are all blocks away. Don't let this one pass you by. The opportunity to bet on Richmond and yourself with sweet creamy cash flow on top is right in front of you.
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MLS#
224088300
Property Type
Multi-Family
Year Built
1960
Lot Size
0.13
Stories
2.0
Sewer
Public Sewer
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