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210 Tunnel Ave 18 Unit Apartment Building $1,375,000 ($76,389/Unit) 6.34% Cap Rate Richmond, CA 94801
Investment Highlights
- Walking trails close by
- Cafe & Restaurants nearby
- Transportation close by
Executive Summary
A prime investment opportunity in the heart of highly desirable and historic Point Richmond neighborhood. The well maintained 18 units on the 5440 sq.ft. lot, SRO type of apartment setting. It is close to freeway, shopping and local amenities. There are 3 - 1br/1ba units, 15 units with kitchen and shared bathroom. The lovely backyard with trees and sitting area provide the space to relax and enjoy the fresh air. It is fully rented at $13,000 a month rental income. Tenants are responsible for wifi & cable. Owners pays for PG&E, water, & garbage. Majority of the units have been upgraded. It delivers the reliable income and long term appreciation potential for investor. AS IS sale.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Tenant Controlled HVAC
- Gated
- Trash Pickup - Curbside
- Walking/Biking Trails
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | $772.50 | - |
| 1+1 | 3 | $825.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 558-101-003-9 | Total Assessment | $1,079,338 |
| Land Assessment | $432,662 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $646,676 | Tax Year | 2025 |
Property Taxes
Parcel Number
558-101-003-9
Land Assessment
$432,662
Improvements Assessment
$646,676
Total Assessment
$1,079,338
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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210 Tunnel Ave
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