$2,340,000
$2,528,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
0.51 Acres Lot
SOLD DATE : 04/17/2023
Key Details
Sold Price $2,340,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41011344
Sold Date 04/17/23
HOA Y/N No
Year Built 1970
Lot Size 0.510 Acres
Property Description
Drive by only. Do Not Disturb Tenants. 1813 Robin Lane presents an excellent opportunity for an investor to purchase a fully occupied nine-unit apartment building in the city of Concord. Built-in 1970, the property consists of three buildings; two fourplexes and a single family home on a 22,216 square foot lot. The combined square footage of all three buildings is 6,994 square feet and includes 9 covered off-street parking spaces and 3 uncovered parking spaces. The property consists of eight (8) 2 bedroom/ 1 bathroom units and the 3 bedroom/1.5 bathroom house which are all individually metered for gas and electricity. Current ownership has recently implemented rent increases across all units that took effect on 12/01/2022, and represents an 8.9% increase in additional income compared to current rents. The property also collects ancillary income with onsite laundry facilities and parking. In all, this opportunity will provide a new investor with day one cash flow, additional upside with recent and future rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay. Property is 2 miles to Concord Bart Station and Todos Santos Plaza.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Washer
Exterior
Total Parking Spaces 12
Others
Tax ID 1282100542
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Bought with Monjid Aldiyyat • Berkshire Hathaway Home Svcs
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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