2116 Barrett Avenue
Richmond, CA 94801
3575 sqft | 0.13 acres | #224088300
Description
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.
Interior Details
- InteriorStorage Area(s)
Heating & Cooling
- Cooling FeaturesWall Unit(s), None
Property Details
- Exterior FeaturesFenced Yard, Yard Space, Play Area
- ViewCity Lights, Downtown
- Lot DescriptionSidewalk
- Stories2
Measurements
- Acres0.1291
- Square Feet3575
Parking
- Parking FeaturesCarport, Covered
- Parking TypeCarport
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
- StyleMid-Century
Condition
- Year Built1960
Material information
- RoofTar/Gravel, Flat
- FoundationRaised
Utilities / Energy Details
- Utility SourceMeter Available, Water District, Public
- Utility FeaturesNatural Gas Connected, City, Electric
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- CountyContra Costa
- ZoningResidential
Other
- MLS #224088300
Location
Legal
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Last Updated: . Source: METROLISTMLS
Listing Courtesy
Listing Agent: Adam K Garrett-Clark (#VADAMKGC)
Listing Office: Keller Williams Realty (#01KWCV)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.