4143-4169 Fran Way, Richmond, positioned on the border of El Sobrante. This premier property comprises 12 townhome-style units with individual garages for each unit. The units features 2 bedrooms and 1.5 baths, caters to a diverse demographic, ensuring broad market appeal. Majority of the units have their own balconies increasing the rent-ability and value. The property is fully stabilized with 100% occupancy with an in-place Cap Rate of 6.17% and produces nearly a 5% cash on cash return day one. With a 10.8 GRM and $261 price per square foot, this investment is one you do not want to miss out. The property's location on the El Sobrante border and provides residents access to the amenities and charm of both Richmond hills and El Sobrante. Investors keen on maximizing returns and unlocking additional value should consider the prospect of condo conversion, turning each unit into a 2bed town-home condo (Buyer to do their own research).
MLS #
EB41048716
MLS Source
Bridge MLS
Flooring
Other
Laundry
Community Facility
Cooling
Other
Garage/Parking
Attached Garage, Tandem Parking, Garage: Car(s)
Water
Other
Complex Amenities
Other
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 1,000 | 2 | 0/0 | – | – | – |
4143 Fran Way is a Residential Income in Richmond, CA 94803. This 12,240 square foot property sits on a 0.72 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1975.
This address can also be written as 4143 Fran Way, Richmond, CA 94803.©2024 Bridge MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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This listing information is up-to-date as of April 17, 2024. For the most current information, please contact Willem Bos, (916) 698-9954