Richmond CA Multi Family for Sale

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

This four-unit building is ideally located across the street from Lincoln Elementary School and is within a 1.5-mile radius of Dejean Middle School and 2 miles from Kennedy High School, offering convenience for families. Three of the four units have been recently updated with modern laminate flooring, refreshed bathrooms, kitchens, and newly painted interiors. The exterior has also been well-maintained with fresh paint. Each unit boasts a bright and spacious one-bedroom, one-bath layout, featuring a comfortable living room and kitchen. Residents benefit from secure gated parking with one designated space per unit, and additional street parking is available in front of the building. This property provides a fantastic opportunity for both investors and those looking for well-maintained, centrally located rental units.

ADDITIONAL INFORMATION

Two 2 bed, 1bath units with their own garage. Each unit has an extra room that can be used for possible bedroom. Separate backyard patios. Tenant pays gas and electric, landlord pay water and garbage.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

High cash flow opportunity; current cap rate at 9.73% and potential to have a monthly gross income of $12,687. (Could work with a DSCR loan or house hacking. This Fourplex will be delivered with 3 vacant units . 4 Rooms in each unit with 2 bathrooms, unit one is being rented per bedroom for a higher cashflow. Very 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.

ADDITIONAL INFORMATION

Updated pricing! We are excited to present 620 Golden Gate, a high cashflow 4-unit in the highly sought after Point Richmond neighborhood. This rare opportunity has been meticulously maintained by current ownership boasting a new roof, seismic upgrades, recently replaced and AB-721 compliant front deck, four remodeled units with new plumbing, electrical, granite counter tops, dishwashers and laundry in all units. With separate meters for water, gas and electric, the property operates with lower expenses and future HOA costs under a condo-conversion scenario. The upper units boast panoramic views of the SF, Angel Island, Marin and the Golden Gate bridge. This is truly a must see!

ADDITIONAL INFORMATION

Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate - an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.

ADDITIONAL INFORMATION

Check out this incredible legal duplex opportunity at 1724 Bissell Ave in Richmond, CA! This well-maintained, tenant-occupied property offers stable income and is a smart buy for any investor. There's no need to worry about parking as there's plenty available. Location-wise, it couldn't get any better; it's centrally located with the Bart Station just a 5-minute walk away, easy access to the freeway and public transit, close to local shopping, schools, and parks. Whether you're looking to expand your portfolio or jump into real estate investment, this property is a solid choice with convenience at its doorstep. Don't miss out on this practical investment!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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).

ADDITIONAL INFORMATION