Property Details
About this Property
This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property, this property is a savvy move for a buy-and-hold investor. It's very clear that property values in Richmond are on the rise (New Ferry terminal to SF) and objective projections for equity appreciation are in the 30-40% range for the years (3-5) ahead. The property income opportunities include a laundry room (currently monitized by lease) 4 storage closets per unit and a carport for 1-2 off-street covered parking spaces per unit. All units are 2 bed 1 bath, and have been remodeled within the last 5 years. A detached 10'X10' Shed onsite opens up other possibilities. BART, shopping and major freeways are all blocks away. Don't let this one pass you by. The opportunity to bet on Richmond and yourself with sweet creamy cash flow on top is right in front of you.
MLS Listing Information
MLS #
ME224088300
MLS Source
MetroList Services, Inc.
Days on Site
88
Interior Features
Flooring
Carpet, Laminate
Laundry
Coin Operated
Cooling
None, Window/Wall Unit
Heating
Separate
Exterior Features
Roof
Flat, Tar/Gravel
Foundation
Raised
Style
Other
Parking, School, and Other Information
Garage/Parking
Carport, Covered Parking, Garage: 0 Car(s)
Elementary District
West Contra Costa Unified
High School District
West Contra Costa Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate, Playground
Zoning
Residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 850 | 2 | 1/0 | $1,425 |
| 2 | 850 | 2 | 1/0 | $2,500 |
| 3 | 850 | 2 | 1/0 | $2,331 |
| 4 | 850 | 2 | 1/0 | $2,260 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2116 Barrett Ave is a Residential Income in Richmond, CA 94801. This 3,575 square foot property sits on a 5,624 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $899,999 and was built in –. This address can also be written as 2116 Barrett Ave, Richmond, CA 94801.
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This listing information is up-to-date as of October 23, 2024. For the most current information, please contact Adam Garrett-Clark, (415) 716-3665
