410 S 34th St - Apartments FOR SALE


Richmond, CA 94804- Pullman
$1,250,000 USD
510-822-1331
410 S 34th St, Richmond, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/21
null | 7.9% Cap Rate

410 S 34th St
Richmond, CA 94804
Pullman


HIGHLIGHTS

  • 6-unit Apartment Complex with Excellent Current Cash Flow
  • Ideal Unit Mix of Six Large 2bd/1bth Units with Off-Street Parking and Backyards
  • Separately Metered for Water, Gas, and Electric Providing Low Annual Operating Expenses
  • Remodeled Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
  • High-Demand Richmond Rental Location Near Many Restaurants and Shopping Options
  • Turn-key Property Delivered 100% Occupied at Close of Escrow

OVERVIEW

6-unit apartment complex with excellent current cash flow and strong upside. The unit mix is ideal and includes six 2bd/1bth units and is nearly 100% occupied. There is one vacant unit we are holding vacant for showing purposes and possible owner-occupants but can be leased before closing for investors. The property was originally built in 1963, offers approximately 4,814 square feet of living space, and sits on 7,875 square feet lot with off-street parking for all tenants and private backyards. The property is separately metered for water, gas, and electric providing for low annual operating expenses. The units have been remodeled over time and offer a mix of updated kitchens and bathrooms with wood floors, double pane windows, and new paint. The owner manages self-manages the building and all the tenants are nice and current on rent. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The neighborhood is comprised of mostly single-family homes with few other apartment buildings reducing local inventory. There are many local restaurants and shopping options nearby with easy access to HWY580 and HWY80 making this a high-demand location for tenants. Vacant units rent fast and tenants stay for long periods of time making this an ideal investment location. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

7.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-units with Excellent Cash Flow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,884 SF

ZONING

-

APN/PARCEL ID

513-163-008-8

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.