301 Ripley Ave Richmond, CA 94801

This convenient investment property is located in a quiet, evolving Richmond neighborhood that will soon gain direct ferry service to San Francisco! This property has seven one-bedroom apartments – two of them vacant and recently updated, three leased at market value and three leased below market value – and one studio apartment for a total of eight dwellings. These properties sit on a corner lot with four parking spaces and four half garages. There is a common coin-operated laundry area with washer and dryer hookups, as well as a large shared back yard. Although sellers prefer to sell both fourplexes together, they will consider selling separately. The neighborhood is quiet, and the property is 1031 exchange eligible. Consider making this your income property! Cap Rate calculation pictured in photo roll based on an approximation of value and current income. ANY OFFERS DUE MONDAY 12/17 by 2pm.