315 25Th St, Richmond, CA 94804

Sqft
14,168

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Listed byThe Pinza Group, Inc
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Overview

21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The current cap rate is 9.56% and the current GRM is 7.05. The property is almost 100% occupied with stable cash flow and offers excellent in-place income and with strong rental upside. The property was originally built in 1912, offers approximately 14,168 square feet of rental space and sits on a 5,000 square foot corner lot. The unit mix consists of three commercial units, four 2bd/1bth units, five 1bd/bth units and nine studio units. Many of the units have been remodeled over time with an updated electric systems and newer roof. The property is easy to maintain and separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
14,168
Lot size (acres)
0.12
Year built
1912

Interior features

Basement
Yes

Exterior features

Horse amenities
Stable

Utilities

Heating
Other
Cooling
Other
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41141554 Last checked:

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