Listing Courtesy of: Ethan Berger - NAI Northern California
510-336-4712
$5,650,000
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3412 Willow Pass Rd Concord, CA 94519
Multi-Family
Residence
Beds
Baths
Sq. Ft.
0.75
Acre
Lot
Property Activity
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The property features a rare unit mix of eight 3-bedroom 2-bathroom and twelve 2-bedroom 1-bathroom units. Each unit is equipped with wall AC, gas wall furnace, refrigerator, freezer, electric oven/range, dishwasher, dual pane vinyl windows, exterior patio or balcony, and is individually metered for... both gas and electricity. The property amenities include a pool, onsite digital laundry room, management office, 20 covered and 9 open parking spaces. The Palm Court is an ideal project for investors with a value-add strategy. Updated and turned 2-bedroom and 3-bedroom units, previously leased at the property, rent at premium of more than $535 and $640 respectively over the average for the non-renovated or turned units. Currently only 30% of the units have been turned or updated offering investors the opportunity to dramatically increase revenues and increase property value by continuing a property improvement program.
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MLS#
41043267
Property Type
Multi-Family
Year Built
1965
Lot Size
0.75
Sewer
Public Sewer
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