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Key Details
Sold Price $1,345,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41076524
Sold Date 11/27/24
HOA Y/N No
Year Built 1951
Lot Size 10,001 Sqft
Property Description
Rare Investment Opportunity in Downtown Martinez! Live in the house and rent the other 5 units out! This multi-family property offers a strong blend of units comprised of a detached single-family home (3 bed/1 bath) and a five-unit apartment building featuring four 1 bed/1 bath apartments and one studio apartment with a projected CAP rate of 7.50%. All apartments are individually metered for utilities. Easily managed property with low maintenance and great cash-flow. Property includes four garages and ample parking. Situated on a generous 10,000 sqft. lot zoned R12, with exciting potential for ADUs or redevelopment. Prime Location in the heart of downtown with easy access to local amenities, cafe's, restaurants, shops, transportation and the Martinez waterfront. Easy access to HWY 4/24/680, train station and BART. You will not want to miss this opportunity!
Location
State CA
County Contra Costa
Interior
Heating Electric, Natural Gas, Space Heater, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition,Shingle
Total Parking Spaces 8
Building
Lot Description Street Level
Others
Tax ID 3723630053
Financing Cash
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Bought with Tyler Brown • Compass
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960