Priced To Sell - 5 Unit Building 1324 Gaynor Ave 4 Unit Apartment Building $1,050,000 ($262,500/Unit) 7.57% Cap Rate Richmond, CA 94801

THIS PROPERTY IS PRICED TO SELL. Located at 1324 Gaynor Ave in Richmond, this multifamily property presents a compelling investment opportunity with a list price of $1,050,000, translating to roughly $210,000 per unit and $263 per square foot. Constructed in 1960, the property consists of 4 units + 1 Non conforming unit on a spacious 0.26-acre lot, totaling 4,000 square feet of building area. The asset features a diverse unit mix consisting of all market rents (1) 2 bedroom/1-bathroom unit, (2) 1 bedroom/1-bathroom unit, (1) Studio unit, and (1) Studio unit- non conforming unit. The building has an additional 2 garage parking spaces + 2 driveway parking spots.
From a financial perspective, the property offers a current cap rate of 7.57% and a GRM of 9.1, with a current occupancy rate of 100%. Current scheduled rents
total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework.
Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg