305 Ripley Ave - Apartments FOR SALE


Richmond, CA 94801- Iron Triangle
$725,000 USD
925-588-9740
305 Ripley Ave, Richmond, CA for Sale
$725,000 USD
Apartments - FOR SALE
1/8
null | 6.87% Cap Rate

305 Ripley Ave
Richmond, CA 94801
Iron Triangle


OVERVIEW

Motivated Sellers! 3/4 units vacant. Updated units – All units have been tastefully updated with new kitchens and bathroom cabinetry and fixtures. New Roof installed 2023. All electrical sub-panels have been modernized Sewer lateral replaced in 2020. Potential for additional income – 2 storage spaces on-site which have historically leased for $75 a month each. New owner can implement a utility billing system on new tenants to off-set utility costs. Rental upside - 3 Vacant units Buyer can lease the units at market rate and implement a RUBS program maximizing returns immediately

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

4

PRICE/UNIT

$181,250

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RES

APN/PARCEL ID

534-212-012-7

ASK ABOUT THIS PROPERTY

Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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