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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision North Richmond
MLS Listing ID 41023616
Sold Date 06/08/23
HOA Y/N No
Year Built 1957
Lot Size 10,018 Sqft
Property Description
Two 4-unit buildings on one 100X100 parcel. Both buildings are being sold for $1,200,000. Sold as a package. Two buildings on one lot. A total of 8 2-bedroom, 1-bathroom units. Rents are considerably below market. Total monthly rent between both buildings is $8,350.00 or $100,200.00 annually. Operation of the property is subject to the provisions of the Richmond Fair Rent, Just Cause Eviction and Homeowner Protection Ordinance. Upside rent potential upon voluntary vacancies. Gas, electric, and water are on separate meters and paid by the tenants.
Location
State CA
County Contra Costa
Interior
Heating Natural Gas
Flooring Carpet, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 8
Building
Lot Description Back Yard, Street Level
Sewer Public Sewer
Others
Tax ID 5611620179
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with John Chau • Rational Real Estate
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