Showing: Wed Nov 1 from 1-2:30pm
1306 S 56th in Richmond is a unique opportunity for a new or seasoned investor on a quiet street in a mostly residential neighborhood. This well-maintained property boasts an amazing unit mix of three 1bd/1bth, one studio, and one 2bd/1bth unit. While there are no separate meters for utilities, each tenant's lease provides a bill back feature where the ownership group can bill back all utilities to the tenants. This unique feature will help offset operating expenses for the foreseeable future. Further one unit will be delivered vacant thereby allowing the next Owner to have one unit completely at market rent.
There is ample on site parking, lush landscaping, communal patio area, and significant room to add additional units or other structures. Further, rents are about 75% below market, which will allow the next investor to raise rents upon turnover or buyouts.
1306 S 56th in Richmond is conveniently located close to Richmond Annex, El Cerrito, and South Richmond. With quick access to Highway 80, Highway 580, and 5 minutes from BART (1 mile), this property is a great commute location providing access to San Francisco, Oakland, the East Bay, and Marin.
Contact Steven Pinza, Esq. for a complete marketing package
