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$ 550,000
Est. payment /mo
Price Dropped by $350K
420 5Th St Richmond, CA 94801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Richmond
MLS Listing ID 41101466
HOA Y/N No
Year Built 1910
Property Sub-Type Triplex
Property Description
This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,650/month in rent—$91,800 annually—offering an impressive 7% cap rate. With low annual maintenance costs (approx. $3,600), this gated property is a rare opportunity to secure strong market rents from day one. It's being sold through an online bid. Visit: https://bit.ly/4apKXKH It ends December 16th at 2pm. By the way, tenants pay utilities, including water! The property features: - Two spacious 3BD/1BA units in a duplex with updates - A charming, updated 1BD/1BA, detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 6 vehicles - A sizable, secured, yard area, for tenant or owner use Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Flooring Laminate, Tile, Vinyl
Fireplace No
Exterior
Parking Features On Street
Roof Type Shingle
Total Parking Spaces 4
Building
Sewer Public Sewer
Others
Tax ID 5380800309
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Auction
Virtual Tour https://www.tourfactory.com/idxr3044063
Listed by Mark DuBois Keller Williams Rlty East Bay