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Listed by Juan Mancheno • Pinnacle Realtors
$ 3,125,000
Est. payment /mo
Price Dropped by $19K
Concord, CA 94520
2 Beds
1 Bath
7,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $400
MLS Listing ID CC41089101
Bedrooms 2
Originating Board Contra Costa Association of Realtors
Year Built 1980
Property Sub-Type Five or More Units
Property Description
10 units available for sale in this 28 unit condominium complex. All units have same square footage and bedroom count, and floor plan. Each unit has its own individual laundry. All appliances convey. Great cash flow and investment opportunity for the right buyer. All 10 units must be sold together. Seller has discounted the price to accommodate buyer for this. Identical unit recently sold for $345,000-. Asking price on a per unit basis is at $315,000-. Rents are below market. A lot of upside potential. Rents averaging $2,100- per month. Seller may carry a 1st Deed of Trust with 50% down payment, upon approval of rate and terms acceptable to seller. Great returns at 5% cap rate, with room for rent increases!
Location
State CA
County Contra Costa
Area Concord
Interior
Heating Forced Air
Cooling Window / Wall Unit
Flooring Tile
Laundry Laundry Area - In Unit, Washer, Dryer
Exterior
Parking Features Guest / Visitor Parking
Garage Spaces 10.0
Pool Pool - In Ground
Roof Type Tar and Gravel
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 126-620-009-4
Special Listing Condition Price Change, Not Applicable
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