116 W Barrett Ave | Richmond, CA 94801
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- LoopNet Team
116 W Barrett Ave
Richmond, CA 94801
8.01% Current Cap with Rental Upside · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Fully Upgraded Exterior with Paint, Stucco, Facade and More!
- Prime Richmond Location, in Close Proximity to Restaurants, Retail Outlets, and Interstate 580
- Current Rents Approximately 30% Below Market Rate, Providing Huge Potential for Rental Upside
- Updated Kitchens & Bathrooms, Fresh Interior Paint, New Fencing, and Dual Pane Windows Throughout
- 8.01% Current Cap & 12.0 Market Cap / 8.30 Current GRM & 6.15 Market GRM
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dining Room
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 538-021-003-8 | Improvements Assessment | $350,000 |
| Land Assessment | $900,000 | Total Assessment | $1,250,000 |
PROPERTY TAXES
Parcel Number
538-021-003-8
Land Assessment
$900,000
Improvements Assessment
$350,000
Total Assessment
$1,250,000
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