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Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision North Richmond
MLS Listing ID 40924653
Sold Date 11/24/20
HOA Y/N No
Year Built 2002
Lot Size 2,500 Sqft
Property Description
Built in 2002, this fourplex has had only two owners. Each unit includes a large, private garage, one bedroom and bathroom, full kitchen and exterior deck or patio. Owner-occupy opportunity or an increase of overall rental income with a new tenant. Property has separate gas and electric meters. Owner pays water, sewage and trash. Given age and current care of property, maintenance costs and management needs are low. All rents are current and mirror market value. This is an excellent opportunity for a first-time buyer as well as an investment shift from an unpredictable stock market. Current cash flow is at a 6.7% CAP rate.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Flooring Tile
Fireplace No
Exterior
Garage Garage
Roof Type Shingle
Parking Type Garage
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 5611810440
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with Scott Bui • Alliance Bay Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960