Bought with Kathy Wong • Bay Port Group Real Estate Inc
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Key Details
Sold Price $1,760,000
Property Type Commercial
Sub Type Apt Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,864 sqft
Price per Sqft $455
MLS Listing ID 40912214
Sold Date 11/13/20
HOA Y/N No
Originating Board BAY EAST
Year Built 1957
Lot Size 7,109 Sqft
Property Description
Well-maintained six-unit apartment property minutes from the del Norte BART station. The property, built in 1957 comprises a unit mix of two - 1bd/1ba and four - 2bd/1ba units. Off-street parking for 7 cars, including garage, carport and uncovered spaces. The units are separately metered for gas & electricity, while heat is provided by gas wall furnaces. Many exterior capital improvements, including; dual-pane vinyl windows, new concrete stairs as well as second floor decking and railings have been completed. Two units will be delivered vacant for maximum buyer flexibility. Significant opportunity to add-value and increase NOI and cash flow. Proforma cap rate 5.74%.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate, Linoleum, Tile, Carpet
Fireplace No
Appliance Disposal, Built-In Range, Refrigerator, Dryer, Washer
Laundry Coin Operated, Laundry Room, Laundry Equip - Owned
Exterior
Parking Type Attached, Carports - 2 Or More, Covered, Off Site, Side Yard Access, Space Per Unit - 1, Garage Door Opener
Building
Lot Description Regular
Water Public
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