Re: Richmond income generating FOURPLEX💸

Contra Costa County, Richmond, CA, 94804
Sold
Listed at: January 31st, 2023
Price
$550,000
ARV
$775,000
Gross Margin
$225,000
Sq. Footage
2731
Type
Multifamily
Parking
Driveway
Year build
1960
Lot size
0.11 acres
Bedrooms
7
Bathrooms
4
Half Bathrooms
0
Summary

Welcome to this incredible fourplex in Richmond, California! Situated in a vibrant and convenient neighborhood, this is the perfect opportunity for an investor looking to add to their portfolio. With all 4 units currently tenant-occupied and actively paying rent, you can rest assured that your investment will bring a steady income stream of around $4,000 every month.


Each unit offers something unique: three are 2 bed, 1 bath while one is 1 bed, 1 bath providing plenty of options for potential tenants. The roof has been replaced within the last 10 years, three dual pane windows were replaced within the last 5 years, and there is no air conditioning throughout. A great potential flip!


Take advantage of this amazing opportunity today!

Call for more info!


Condition According to Seller:

Two units upstairs & two units downstairs.

Three of the units are 2 bed, 1 bath & one is 1 bed, 1 bath.

ROOF: 10 years old

AC: no air conditioning

WINDOWS: dual pane three of them replaced within the last five years.



-Buyer to close escrow on or before March 31, 2023.


-Property to be sold in “as-is” condition. 


-Property is tenant occupied and to be delivered with tenants in place.


-Cash or Hard money purchase only. If using hard money MUST specify. No additional walk-throughs will be provided for hard money lenders.


-Buyer to pay all closing costs (both buyer and seller).


-All offers require a $15,000 non-refundable earnest money deposit due within 24 hours upon acceptance.


-Agents, if you are representing a buyer please add your fee/commission on top of the purchase price.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ryan Lyle

No reviews

Disposition manager