$630,000
$499,000
26.3%For more information regarding the value of a property, please contact us for a free consultation.
301 Ripley Ave Richmond, CA 94801
3,920 Sqft Lot
Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40847779
Sold Date 01/30/19
HOA Y/N No
Year Built 1927
Lot Size 3,920 Sqft
Property Description
This convenient investment property is located in a quiet, evolving Richmond neighborhood that will soon gain direct ferry service to San Francisco! This property has seven one-bedroom apartments – two of them vacant and recently updated, three leased at market value and three leased below market value – and one studio apartment for a total of eight dwellings. These properties sit on a corner lot with four parking spaces and four half garages. There is a common coin-operated laundry area with washer and dryer hookups, as well as a large shared back yard. Although sellers prefer to sell both fourplexes together, they will consider selling separately. The neighborhood is quiet, and the property is 1031 exchange eligible. Consider making this your income property! Cap Rate calculation pictured in photo roll based on an approximation of value and current income. ANY OFFERS DUE MONDAY 12/17 by 2pm.
Location
State CA
County Contra Costa
Interior
Heating Electric, Natural Gas
Flooring Concrete, Laminate, Tile, Wood
Fireplace No
Exterior
Garage Garage, On Street
Roof Type Tar/Gravel
Parking Type Garage, On Street
Building
Lot Description Back Yard, Front Yard
Sewer Public Sewer
Others
Tax ID 5342120135
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with Bret Taylor • eXp Realty of California Inc.