$785,000
$849,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
5,641 Sqft Lot
SOLD DATE : 08/20/2024
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41066523
Sold Date 08/20/24
HOA Y/N No
Year Built 1964
Lot Size 5,641 Sqft
Property Description
145 5th St. in Richmond, CA consists of four large 2-bed, 1-bath units, each with an individual garage, driveway parking, and spacious backyard. The units are individually metered for PG&E and feature Vinyl & Carpet Floors, Dual Pane Windows, and Zoned Central Air Cooling, Forced Air Heating. This property offers high day-1 cash flow and a high Market Cash-on-Cash Return at 8.98%. It resides in a prime Bay Area location, with Richmond being a highly sought after city to live in boasting a total population of 114,300. The ever increasing desire for people to live here consistently drives up rent prices, making this a perfect long or short term hold opportunity for investors. 145 5th St. is uniquely nestled between major points of interest such as the Richmond Ferry Terminal, Kennedy High School, Multiple BART Stations, Costco, Point Isabel, Safeway, Target, and other major retailers and local restaurants.
Location
State CA
County Contra Costa
Interior
Heating Forced Air
Flooring Carpet, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Garage
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Dulce Garcia De Sainz • Corcoran Icon Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "