Price Reduced Listing
$3,518,000
( )
$18,885 est/mo Sourced by Back At You2221 Railroad Ave , Pittsburg, CA 94565
Pittsburg, CA 94565
Description
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Details
| MLS# | 41046945 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 282 |
| Listing Provided By | Promax Investment & Develop 510-552-1687 | Richard Mao |
Features
| Zoning | cn |
|---|---|
| Acreage | 0.66 |
Market Activity 94565
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Pittsburg |
| Zip Code | 94565 |
| Listing VS Median (in 94565) | |
Price: $3,518,000 low | high Med: $582,500 On Site: 282 low | high Med: 51.000000 | |
Listing Updated: October 8, 2024 at 1:23:19 AM PDT
