449 S 19th St - Apartments FOR SALE


Richmond, CA 94804- Coronado
$895,000 USD
510-822-1331
449 S 19th St, Richmond, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/19
null | 6.79% Cap Rate

449 S 19th St
Richmond, CA 94804
Coronado


HIGHLIGHTS

  • 4-Unit Apartment Complex Offering Four Large 2bd/1bth Units with Four Garage Parking Spaces
  • 100% Occupied with Strong Current Income and Excellent Rental Upside
  • Separately Metered for Water, Gas, and Electric Providing for Low Operating Expenses
  • Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
  • Attractive Richmond Location Near Restaurants, Shopping Centers, and Public Transportation

OVERVIEW

Large 4-unit apartment complex with strong current income and excellent rental upside. The unit mix is ideal and offers four 2bd/1bth units with a nice backyard area and four garage spaces. The property was originally built in 1959, offers approximately 3,240 square feet of rental space, and sits on a 5,540 square foot lot. The property is separately metered for water and PG&E providing for low annual operating expenses. The building is 100% occupied with nice stable tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in a rare turn-key investment for the next owner. This is a perfect opportunity for an owner-occupant or an investor seeking great cash flow in a quiet neighborhood. This is an attractive Richmond location near numerous restaurants and shopping centers with easy access to public transportation and multiple major freeways. The neighborhood is family-focused with many single-family homes making this a high demand location for tenants. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richmond Fourplex with Excellent Cash Flow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,540 SF

ZONING

-

APN/PARCEL ID

544-212-012-6

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 Policy.