2122 Barrett AVE Pending Save Request In-Person Tour Request Virtual Tour
Richmond,CA 94801
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,575 sqft
Price per Sqft $251
MLS Listing ID 224088300
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 5,624 Sqft
Acres 0.1291
Lot Dimensions W Contra Costa
Property 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.
Location
State CA
County Contra Costa
Area Richmond-North & Wes
Direction Barrett ave and 21st street.
Interior
Interior Features Storage Area(s)
Heating Separate
Cooling Wall Unit(s),None
Flooring Carpet,Laminate
Window Features Dual Pane Full
Laundry Coin Operated,Washer/Dryer Leased
Exterior
Exterior Feature Fenced Yard,Yard Space,Play Area
Parking Features Carport,Covered
Carport Spaces 4
Utilities Available Natural Gas Connected,City,Electric
Water Access Desc Meter Available,Water District,Public
View City Lights,Downtown
Roof Type Tar/Gravel,Flat
Topography Level
Total Parking Spaces 4
Building
Lot Description Sidewalk
Story 2
Foundation Raised
Sewer Public Sewer
Water Meter Available,Water District,Public
Architectural Style Mid-Century
Level or Stories Two
Schools
Elementary Schools West Contra Costa Unified
Middle Schools West Contra Costa Unified
High Schools West Contra Costa Unified
School District Contra Costa
Others
Senior Community No
Tax ID 514-110-003-1
Special Listing Condition None