305 Ripley Ave
Richmond, CA 94801
$30,000.00 (-3.24%)
Active for $895,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 3,800 sqft
| MLS | 41061968 |
| Year Built | 1927 |
| Property Type | Quadruplex |
| County | Contra Costa |
| Status | Active |
| Active | $895,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,800 sqft |
| Beds | N/A |
| Baths |
Description
Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6495 translates to a 4.4% 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.
Listing information courtesy of: Elisabeth Watson, Abio Properties . *Based on information from the Association of REALTORS/Multiple Listing as of 09/25/2024 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®
Elaine Tsaghikian
REALTOR®
Direct: 818.640.1198
Email: Email Me
DRE: 01963717
DRE #01873088
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