2065 Riley CT, Concord, CA 94520 – ML81986971 - Jason Born

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Jason Born

jason@jasonborn.com +1(650) 918-7048

$3,000,000

Est. payment - /mo

7 Beds

4 Baths

6,170 SqFt

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UPDATED:

11/24/2024 02:09 AM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,170 sqft

Price per Sqft $486

MLS Listing ID ML81986971

Style Ranch

Bedrooms 7

Full Baths 4

Originating Board MLSListings, Inc.

Year Built 1986

Lot Size 0.263 Acres

Property Description

Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.

Location

State CA

County Contra Costa

Area Concord

Zoning multifamily

Rooms

Kitchen Countertop - Stone, Countertop - Synthetic, Dishwasher, Freezer, Garbage Disposal, Oven - Gas

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Hookups Only

Exterior

Parking Features Carport , Parking Area

Garage Spaces 10.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Perimeter, Pillars / Posts / Piers

Sewer Sewer - Public

Water Individual Water Meter

Architectural Style Ranch

Others

Tax ID 128-200-061-9

Special Listing Condition Not Applicable

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Listed by Gene Au • Realty World Dominion

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Jason Born

Broker | License ID: 01472799

+1(650) 918-7048