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854 7Th St Richmond, CA 94801
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Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41057359
Sold Date 05/27/24
HOA Y/N No
Year Built 1917
Lot Size 3,998 Sqft
Property Description
Fourplex will be delivered to buyer with 3/4 units year long leases in place at the close of escrow, at the moment we are doing drive by viewings only subject to inspection. Currently listed at a 7.02% Cap rate with proforma of 8.46%. This parcel is comprised of four 2-bed 1-bath units providing 8 bedrooms and 4 bath for a family buying, house hacker getting into their first unit, or an investor getting of an investor to cashflow the units. Email listings agent for questions and financials. Disclosures in link. One unit could be delivered vacant upon request for buyer. Great opportunity for potential ADU for homeowners & investors alike. Possible seller carry on a small portion of the loan.
Location
State CA
County Contra Costa
Interior
Heating Electric
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Garage On Street
Roof Type Shingle
Parking Type On Street
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 5340230266
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Robert M. Balina • Synergize Realty
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