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11.06% Return on Investment Day 1!

1240 Broadway Ave, San Pablo, CA 94806

N/A

5 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
5
Building Size:
3,900 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.28%
Gross Rent Multiplier:
8.46
Occupancy:
100%
Lot Size:
5,700 SF
APN / Parcel ID:
412-073-002
Listing ID
18070954
Last Updated
over 1 year ago

Description

NAI Northern California presents 1240 Broadway St, a pride of ownership two-story wood frame apartment building, which sits on a triangular parcel with no neighboring lots. The property consists of five (5) spacious Two Bedroom/One Bath units. Three of the units have private enclosed garages and there are 2 additional off-street spaces available for the other 2 units. The subject property has been well cared for with several substantial upgrades including dual pane windows, exterior storm doors, wall to wall carpet in the living spaces, laminate wood floors in the kitchens, linoleum in the baths, recently painted exterior, and solar panels which act as a precursor energy source for the water heaters reducing monthly utility costs. The owner' s great care in the building has led to historically low vacancy and strong rents. The property has also just received a 5 year occupation certification from the City of San Pablo. Please do not disturb the tenants.

1240 Broadway St enjoys an excellent San Pablo location in a residential neighbor hood surrounded with single family homes and small garden apartment properties. The property is located within walking distance to both Lake and Bayview Elementary Schools, a half block from AC transit lines, an within 10 minutes of the Richmond Hill top mall, Contra Costa Community College, Interstate 80, and Richmond BART.

Map of 1240 Broadway Ave, San Pablo, CA 94806 (Contra Costa County)

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