2067 Riley Ct - Apartments FOR SALE


Concord, CA 94520- South Concord
$1,950,000 USD
415-602-2882
2067 Riley Ct, Concord, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/20
null | 5.51% Cap Rate

2067 Riley Ct
Concord, CA 94520
South Concord


HIGHLIGHTS

  • Separately Metered for Gas & Electricity
  • Individual On-Site Parking Spaces
  • Additional Income from On-Site Laundry
  • Approximately Six Minutes from Concord BART
  • Walkable to Shopping, Dining, and Everyday Services
  • Convenient Access to Highways 242 and 4, and I-680

OVERVIEW

2067 Riley Court presents an excellent opportunity for an investor to purchase a 8 unit apartment building in the city of Concord. Built-in 1970, the property consists of one building on a 15,246 square foot lot. The combined square footage of all building is 5,642 square feet and includes covered and uncovered parking stalls onsite. The building's ownership has made regular improvements to the property installing wood vinyl and laminate flooring, adding new kitchen cabinetry, counter tops, and appliances through several units and installing security cameras. Operating expenses are minimal, as all of the units are individually metered for PG&E. There is limited landscaping to maintain, and at 8 units onsite management is not required by the state. An additional room houses a coin-operated laundry machine and dryer which are included in the sale. This great opportunity allows for the new owner to immediately reposition the property and add value.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

M1

APN/PARCEL ID

128-200-054-4

ASK ABOUT THIS PROPERTY

Matthew RullodaBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
415-602-2882

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Matthew RullodaBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
415-602-2882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.