617 16th St - Apartments FOR SALE


Richmond, CA 94801- Belding Woods
$650,000 USD
510-847-1004
617 16th St, Richmond, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/13
null | 4.1% Cap Rate

617 16th St
Richmond, CA 94801
Belding Woods


HIGHLIGHTS

  • (1) Large 3b/2ba & (1) Large 3b/1.5ba Units w/ hardwood floors & updated bathrooms
  • Tenants Pay All Utilities!
  • Significant upside in rents
  • Washer/Dryers in building
  • 1990's Construction
  • Attached Garages + driveway parking (2 spaces/unit)

OVERVIEW

Experience an exceptional investment opportunity with this meticulously maintained multifamily property in Richmond, CA. This garden-style building offers two spacious, 3b/2ba & 3b/1.5ba units with hardwood floors, tiled bathrooms, wood cabinetry, and washer/dryers located in the back. TENANTS PAY ALL UTILITIES! Built in 1991 and zoned RM2, this property is immaculately presented, with 100% occupancy providing a steady income stream from day one. The prime Richmond location offers convenient access to local amenities and transportation routes, catering to the modern investor's needs. With a strong rental history and well-maintained grounds, this property represents a sound choice for discerning multifamily investors seeking long-term value and reliability.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

2

PRICE/UNIT

$325,000

CAP RATE

4.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

617 16th St.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RM2

APN/PARCEL ID

514-310-015-3

ASK ABOUT THIS PROPERTY

Marco McMullenNAI Northern CaliforniaMore Info
510-847-1004

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Marco McMullenNAI Northern CaliforniaMore Info
510-847-1004

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