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Listed by Mark DuBois • Keller Williams Rlty East Bay
$550,000
Est. payment /mo
7 Beds
3 Baths
2,468 SqFt
Open Fri 11AM-1PM
420 5th St Richmond, CA 94801
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Open House
Fri Jan 30, 11:00am - 1:00pm
Mon Feb 02, 3:00pm - 5:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,468 sqft
Price per Sqft $222
MLS Listing ID EB41121644
Bedrooms 7
Year Built 1910
Lot Size 5,650 Sqft
Property Sub-Type Triplex
Source Bridge MLS
Property Description
This well maintained Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased at the top of the market, generating $7,650/month in rent-$91,800 annually-offering an amazing ROI, with low annual maintenance costs (approx. $3,600 w/o property taxes), this secure gated property is a rare opportunity to secure strong market rents from day one. Property is being sold through a bidding process so visit https://bit.ly/4apKXKH to learn more. By the way, tenants pay utilities, including water! The property features: - Two spacious 3BD/1BA units in a duplex with updates - A charming, updated 1BD/1BA, detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 6 vehicles - A sizable, secured, yard area, for tenant or owner use Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property may also qualify for special loan programs. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.
Location
State CA
County Contra Costa
Area Richmond - North & West/Parchest
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Flooring Laminate, Tile, Vinyl
Laundry Laundry Area - In Unit
Exterior
Exterior Feature Stucco
Parking Features Spaces per Unit - 1, Off-Street Parking
Garage Spaces 6.0
Roof Type Composition
Building
Lot Description Regular
Sewer Sewer - Public
Water Public
Others
Tax ID 538-080-030-9
Special Listing Condition New, Auction
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