Property Details
About this Property
Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate - an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.
MLS Listing Information
MLS #
EB41061968
MLS Source
Bridge MLS
Days on Site
154
Interior Features
Flooring
Tile
Cooling
Air Conditioning - None
Heating
Electric, Wall Furnace
Exterior Features
Roof
Composition, Other
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Off-Street Parking, Garage: Car(s)
Elementary District
West Contra Costa Unified
High School District
West Contra Costa Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
Playground
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 1 | 0/0 | $1,658 |
| 2 | – | 1 | 0/0 | $1,668 |
| 3 | – | 1 | 0/0 | $1,540 |
| 4 | – | 1 | 0/0 | $1,554 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
305 Ripley Ave is a Residential Income in Richmond, CA 94801. This 2,102 square foot property sits on a 3,800 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $895,000 and was built in 1927. This address can also be written as 305 Ripley Ave, Richmond, CA 94801.
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This listing information is up-to-date as of October 02, 2024. For the most current information, please contact Elisabeth Watson, (510) 207-5211
