315 25Th St, Richmond, CA, CA 94804
- $2,850,000
- List Price
- $2,850,000
- Status
- ACTIVE
- MLS#
- 41141554
- County
- Contra Costa
- Year Built
- 1912
- Square Feet
- 5,000
- Days on Market
- 16
- Property Type
- Multifamily
- Neighborhood
- Richmond
Property Description
21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The current cap rate is 9.56% and the current GRM is 7.05. The property is almost 100% occupied with stable cash flow and offers excellent in-place income and with strong rental upside. The property was originally built in 1912, offers approximately 14,168 square feet of rental space and sits on a 5,000 square foot corner lot. The unit mix consists of three commercial units, four 2bd/1bth units, five 1bd/bth units and nine studio units. Many of the units have been remodeled over time with an updated electric systems and newer roof. The property is easy to maintain and separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
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Additional Information
- Parcel Number
- 5152610043
- Heat
- See Remarks
- Cooling
- Yes
- Exterior Construction
- Other
Listing courtesy of Listing Agent: David Howarth (david@pinzagroup.com) from Listing Office: The Pinza Group, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.