22 S Lake Dr - Apartments FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$1,250,000 USD
510-822-1331
22 S Lake Dr, Antioch, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/21
null | 5.16% Cap Rate

22 S Lake Dr
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • 4-Unit Apartment Complex Offering Four Large 2bd/1bth Units with Strong Current Income and Excellent Upside
  • Remodeled Units with Newer Kitchens & Bathrooms, Wood Flooring, Newer Paint, and Double Pane Windows
  • Easy to Manage, Low Maintenance Property, with Upgraded Electrical, Plumbing, and a Newer Roof
  • High-Demand Antioch Rental Location Across from Lake Alhambra Near Many Restaurants and Shopping Options
  • Separately Metered for PG&E with Low Annual Operating Expenses and No Deferred Maintenance
  • One Unit can be Delivered Vacant at Closing - Perfect For Owner-Occupant

OVERVIEW

Large 4-unit apartment complex with excellent current income and an unbeatable Antioch rental location. The unit mix offers four 2bd/1bth units with up to eight off-street parking spaces. The property was originally built in 1968, offers approximately 3,300 square feet of rental space, and sits on a 6,860 square foot lot. The property is easy to manage with low operating expenses with tenants paying all gas and electric expense. The units are fully remodeled with newer kitchens, bathrooms, new flooring, double pane windows, upgraded electric meters, new paint, and more. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently, the property the property is 100% occupied with great tenants, however one unit can be delivered vacant at closing for an owner-occupant. This is an ideal Antioch rental location next to lake Alhambra. There are numerous restaurants, coffee shops, and shopping options nearby and relatively close to the Antioch BART station. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

5.16%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Remodeled Antioch Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,839 SF

ZONING

R2, Antioch

APN/PARCEL ID

065-235-004-2

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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