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$3,000,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
12/05/2024 02:28 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81986971
HOA Y/N No
Year Built 1986
Annual Tax Amount $14,796
Lot Size 0.263 Acres
Property Description
Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.
Location
State CA
County Contra Costa
Area 699 - Not Defined
Zoning multifamily
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 10
Roof Type Shingle
Total Parking Spaces 10
Schools
School District Other
Others
Tax ID 1282000619
Special Listing Condition Standard
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Listed by Gene Au • Realty World Dominion