501 S 30Th St, Richmond, CA 94804 - MLS#41117746 - Matt O'Brien

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 959,000

Est. payment | -/mo

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$ 959,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Richmond

MLS Listing ID 41117746

HOA Y/N No

Year Built 1965

Property Sub-Type Quadruplex

Property Description

Well-maintained 4-unit complex with significant upside potential. All units rent below market, with three substantially under area rates. The property features four larger-than-average units that are two bedroom one bath each, four detached covered parking garages that could be converted to ADUs under new state overlay, and a spacious backyard suitable for additional ADU development. Fully occupied with strong rental demand. Recent upgrades include new roofs, one remodeled unit, interior wall insulation, flooring, stucco & window upgrades. Laundry hookups available for coin/card-op conversion. See current cap rate 6.09 and proforma 9.14%, view in disclosure packet. Low 3% interest rate avalible for investors with large downpayment. Contact listing agent for details.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Flooring Laminate, Tile

Fireplace No

Exterior

Parking Features Garage, On Street

Total Parking Spaces 4

Building

Lot Description Back Yard, Corner Lot, Front Yard

Sewer Public Sewer

Others

Tax ID 5491920111

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listed by Conner Applegate Conner Applegate, Broker

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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501 S 30Th St Richmond, CA 94804