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Listed by Raymond Wu • Unknown Agency
$1,149,000
Est. payment /mo
5,678 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41132420
Year Built 1962
Lot Size 5,678 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Presenting a rare opportunity to acquire a stabilized, high-performing residential income property in one of Concord's most sought-after rental corridors. This well-maintained two-story 4-plex consists of four spacious 2-bedroom, 1-bathroom units, offering a functional and consistently in-demand unit mix that appeals to a wide range of long-term tenants. The property is currently occupied by reliable, long-term tenants with a proven history of on-time rent payments and meticulous care of the premises. The building is partially remodeled and it reduces immediate capital expenditure requirements and enhance tenant retention. This property is a true "cash cow" for the discerning investor. The current Cap Rate between 4.5%-5%. The asset provides immediate, reliable cash flow from day one.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Flooring Carpet, Vinyl
Exterior
Parking Features Carport
Building
Lot Description Front Yard, Level with Street
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900