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Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41066523
Sold Date 08/20/24
HOA Y/N No
Year Built 1964
Lot Size 5,641 Sqft
Property Description
145 5th St. in Richmond, CA consists of four large 2-bed, 1-bath units, each with an individual garage, driveway parking, and spacious backyard. The units are individually metered for PG&E and feature Vinyl & Carpet Floors, Dual Pane Windows, and Zoned Central Air Cooling, Forced Air Heating. This property offers high day-1 cash flow and a high Market Cash-on-Cash Return at 8.98%. It resides in a prime Bay Area location, with Richmond being a highly sought after city to live in boasting a total population of 114,300. The ever increasing desire for people to live here consistently drives up rent prices, making this a perfect long or short term hold opportunity for investors. 145 5th St. is uniquely nestled between major points of interest such as the Richmond Ferry Terminal, Kennedy High School, Multiple BART Stations, Costco, Point Isabel, Safeway, Target, and other major retailers and local restaurants.
Location
State CA
County Contra Costa
Interior
Heating Forced Air
Flooring Carpet, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Garage
Roof Type Composition
Parking Type Garage
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Financing Conventional
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Bought with Dulce Garcia De Sainz • Corcoran Icon Properties
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960