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100% Occupied & Turn Key Fourplex 143 19th St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 6.31% Cap Rate Richmond, CA 94801
Investment Highlights
- Four Turnkey Fully Renovated Units at Market Rates
- New Fence, Private Yard for Tenants, and Freshly Painted Interior and Exterior
- New Appliances, Countertops, Vanities, Bathtubs, and Luxury Flooring Throughout
- Potential to Convert Covered Parking into ADU(s)!
Executive Summary
https://www.14319thst.com
This offering presents a new or seasoned investor the opportunity to acquire a fully remodelled 4 unit investment property in Richmond, CA. Recent upgrades include, but are not limited to, new kitchens and bathrooms, appliances, luxury flooring, and much more. Amenities include a shared coin operated laundry facility and private off street carport parking boasting a 1:1 parking ratio w/ additional storage for each tenant. The property is situated in a prime Richmond location near Del Norte and Richmond BART, 880 freeway, the Richmond Bridge, and Richmond Marina. Investors can further enhance the opportunity by taking advantage of 30 year fixed financing with this turnkey asset.
This offering presents a new or seasoned investor the opportunity to acquire a fully remodelled 4 unit investment property in Richmond, CA. Recent upgrades include, but are not limited to, new kitchens and bathrooms, appliances, luxury flooring, and much more. Amenities include a shared coin operated laundry facility and private off street carport parking boasting a 1:1 parking ratio w/ additional storage for each tenant. The property is situated in a prime Richmond location near Del Norte and Richmond BART, 880 freeway, the Richmond Bridge, and Richmond Marina. Investors can further enhance the opportunity by taking advantage of 30 year fixed financing with this turnkey asset.
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.31% | Building Size | 3,054 SF |
| Gross Rent Multiplier | 10.85 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.31/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Residential/Quadruplex | ||
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,054 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | Residential/Quadruplex |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 540-210-010-0 | Improvements Assessment | $505,808 |
| Land Assessment | $251,536 | Total Assessment | $757,344 |
Property Taxes
Parcel Number
540-210-010-0
Land Assessment
$251,536
Improvements Assessment
$505,808
Total Assessment
$757,344
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100% Occupied & Turn Key Fourplex | 143 19th St
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