522 16th St | Richmond, CA 94801
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- LoopNet Team
522 16th St
Richmond, CA 94801
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Unique Unit Mix of Three 2bd/1bth, One Studio, and One 3bd/2bth Unit-All With 100% Rental Upside
- Built in 1984 w/Private Garages, On Site Laundry Area, Dual Pane Windows, and More!
- New Roof & Fresh Paint-The Expenses of Which May be Passed on to Tenants Using Richmond's Capital Improvement Pass Through Program
- 12.25% Market CAP & 6.27 Market GRM & Well Located Close to Shopping, Dining, Public Transportation and More!
- Priced Well Below All Applicable Sales Comparables
- Multiple Loan Options Available at Historically Low Interest Rates
PROPERTY FACTS
| No. Units | 5 | Building Size | 3,698 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | R-2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,698 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R-2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 525 |
| 2+1 | 3 | - | 750 |
| 3+2 | 1 | - | 950 |
PROPERTY TAXES
| Parcel Number | 514-162-016-0 | Improvements Assessment | $627,801 |
| Land Assessment | $473,326 | Total Assessment | $1,101,127 |
PROPERTY TAXES
Parcel Number
514-162-016-0
Land Assessment
$473,326
Improvements Assessment
$627,801
Total Assessment
$1,101,127
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