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Key Details
Sold Price $885,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $330
MLS Listing ID 41070195
Sold Date 08/17/24
Bedrooms 8
HOA Y/N No
Year Built 1987
Lot Size 5,000 Sqft
Acres 0.12
Property Description
This 4plex presents a lucrative opportunity for those seeking a steady stream of rental income. All units are 670 SQFT, 2 bedrooms, 1 bath, a living room, & full kitchen complete W refrigerators. Currently, 2 units are rented below market value at $1,650, while 1 unit is rented $1,850 per month & 1 Vacant Renovated Unit. The property also boasts covered parking, providing added convenience & appeal to potential tenants. Noteworthy is that the tenants are responsible for their own PGE bills, the landlord covers water & garbage expenses. Recent exterior painting & landscaping enhancements have refreshed the property's curb appeal. Situated with easy access to Highway 4 & close to shopping, this location offers convenience for residents and potential renters alike. Investing in this property brings numerous benefits, including capitalizing on depreciation, tenants contributing to debt & principal pay-down, & the potential for rent increases to boost income and cash flow. Additionally, consider the advantages of a 1031 exchange, leveraging this asset to gain valuable landlord experience & eventually transitioning equity into higher-grade property classes over time. Don't miss out on this opportunity to enhance your investment portfolio & secure long-term financial growth! Call Today!
Location
State CA
County Contra Costa
Area Listing
Rooms
Basement None
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Other
Parking Type Assigned
Building
Lot Description Irregular Lot
New Construction No
Others
Tax ID 0685140089
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Rohit K.Pathak