2221 Railroad Ave
Pittsburg, CA 94565
$1,282,000.00 (-26.71%)
Active for $3,518,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 28,750 sqft
| MLS | 41046945 |
| Year Built | 1989 |
| Property Type | |
| County | Contra Costa |
| Status | Active |
| Active | $3,518,000 |
| Structure Size | N/A sqft |
| Lot Size | 28,750 sqft |
| Beds | N/A |
| Baths |
Description
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Listing information courtesy of: Richard Mao, Promax Investment & Develop . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Rodney San Agustin
REALTOR®
Direct: 818.324.0995
Email: Email Me
DRE: 02228929
DRE #01873088
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