315 25th St - Apartments FOR SALE


Richmond, CA 94804- North & East
$3,581,297 USD
510-822-1331
315 25th St, Richmond, CA for Sale
$3,581,297 USD
Apartments - FOR SALE
1/24
null | 9.56% Cap Rate

315 25th St
Richmond, CA 94804
North & East


HIGHLIGHTS

  • 21-Unit Mixed-Use Investment Offering 18 Residential Units and Three Commercial Units
  • Market Leading Cash Flow with Excellent Upside
  • Unit Mix Offers Nine Studio Units, Five, 1bd/1bth Units, Four 2bd/1bth Units and Three Commercial Units
  • Remodeled Units with Newer Kitchens, Bathrooms, Wood Flooring, Custom Fixtures, and More
  • Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
  • High Demand Richmond Rental Location Near Many Restaurants and Shopping Options

OVERVIEW

21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The property is 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 14,164 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. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING

FOR SALE DETAILS

PRICE

$3,581,297 USD

PRICE/SF

$248 USD /SF

# OF UNITS

21

PRICE/UNIT

$170,538

CAP RATE

9.56%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21-Unit Investment with 9.56% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CMCD, Richmond

APN/PARCEL ID

515-261-004-3

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.