Professionally managed and fully occupied, this Bay Area investment provides immediate stability and robust cash flow. Verified 2024 financials show an annual rental income of $88,927 plus $809 in parking revenue, totaling $89,736 in gross income, and a $54,360 NOI. Transparent expenses include $14,448 in taxes and $4,117 in insurance, minimizing volatility. A significant remodel in 2018 further lowers capital expenditures, preserving strong returns. Projected 2025 gross scheduled income is $98,640, with a 5.5% cap rate at current performance and up to 8.5% at Fair Market Rent (FMR). The 2025 cap rate, new property tax at reassessment, and FMR are accounted for at the current list price. Located in a high-demand area known for low vacancy, this asset requires no immediate capital improvements—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.
Excellent investment opportunity in point Richmond. This unique property offers Two ground floor commercial units with separate street level entrances. Above the two commercial units are two residential apartments. All 4 units are vacant. In. addition to 221 Tewksbury located on the same lot is the most charming cottage 216 Delfino Ave. The cottage is currently rented. Make an appointment and come see this amazing deal!
Open House:
Sunday, 1/5 1:00-3:00PM
Open House Jan 5, Sun 1-3pm. Richmond DUPLEX - This multi-unit property presents an excellent investment opportunity with two 1-bedroom, 1-bathroom units, each featuring laundry hookups and a detached garage. Units has fresh interior/exterior paint and new window blinds. The property includes separate PG&E and water meters. Conveniently located near Richmond Bart Station, public transit, shopping, schools, Kaiser Medical Center, Richmond Marina, and with easy access to I-580 and I-80 freeways and Richmond ferry terminal.
Nice tri-plex at the top of the hill with GG Bridge views from 2 of the units, 3rd has GG Bridge view from deck in front of unit. Lower unit has large private patio (with view) and has been recently updated. One upper unit has very nice view from private balcony and the other upper unit has been recently updated. Common laundry room with coin-op machines. This property has been very well maintained and has excellent tenants. Great neighborhood very close to charming Point Richmond shopping/dining area, great commute location with easy freeway and bridge access.
www.14319thst.com; Four Large 2bd/1bth Units; Rare Opportunity to Acquire an Asset w/Only 25% Occupancy; Shared Laundry Facility and a Private Off-Street Carport Boasting a 1:1 Parking Ratio w/ Additional Storage for Each Tenant; Perfect for Investors Looking to Increase Property Value Through Renovations, ADUs, or Monetizing Amenities; Prime Richmond Location, Near Del Norte and Richmond BART, 880 freeway, Richmond Bridge, and Richmond Marina; Email Agent on Website For a Complete Marketing Package.
High cash flow opportunity; current cap rate at 8.56% and potential to have a monthly gross income of $11,112. (Could work with a DSCR loan or house hacking. This Fourplex will be delivered with 2 VACANT UNITS . 4 Rooms in each unit with either 1 or 2 bathrooms depending on the unit, unit one is being rented per bedroom for a higher cashflow and can be done with the other 2 vacant units or they can be rented to a single family tenant, Choice is yours. Well Maintained. Access to BART and freeways makes this a popular rental location. BART is at nearby. Financials are in Disclosures upon request, contact listing agent for more details/questions.
Five Unit Building Comprised of One (1) 2bd/1bth Unit and Four (4) 1bd/1bth, Built in 1963; Five (5) One-Car Garages Provide Ample Off-Street Parking, Storage, and Potential for Multiple ADU; New Roof & Fresh Exterior Paint - Turnkey Asset w/ No Delinquencies or Deferred Maintenance; Walker's Paradise Near Various Shopping Outlets, Dining, Public Transportation Options and More; 8.12% Market Cap Rate & 8.42 Market GRM; Rare Opportunity to Own a Well-Maintained Apartment Community in the High-Demand Richmond Rental Market; Email For Marketing Package.
Calling all first time investors!!This Duplex is a great fit for a first-time investor or family who is looking to get in on the action in the rapidly growing city of Richmond! It has amazing income potential, tenants have kept the property well maintained. Close to freeway, shopping, schools, and Ferry (great for commuters).
The median home value in Richmond, CA is $615,900. This is lower than the county median home value of $761,600. The national median home value is $338,100. The average price of homes sold in Richmond, CA is $615,900. Approximately 49.3% of Richmond homes are owned, compared to 45.59% rented, while 5.12% are vacant. Richmond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Richmond real estate agent to arrange a tour today!
Richmond, California 94801 has a population of 115,677. Richmond 94801 is less family-centric than the surrounding county with 35.73% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Richmond, California 94801 is $79,478. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in Richmond 94801 is 36.7 years.
The average high temperature in July is 74.5 degrees, with an average low temperature in January of 42.5 degrees. The average rainfall is approximately 28.3 inches per year, with 0 inches of snow per year.