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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40940074
Sold Date 04/30/21
HOA Y/N No
Year Built 1962
Lot Size 5,662 Sqft
Acres 0.13
Property Description
This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of four 2bd/1bth units of almost 800 sqft. Each unit has tremendous rental upside which will allow the new owner to take advantage of Concord's fast growing rental market. Nearby renovated apartments in this area rent for as much as $2,300. The property has been well managed, which has increased the tenant profile, and made significant upgrades throughout the property. The property has a history to little or no vacancies and currently (3) units are occupied and (1) unit is being rented with Airbnb achieving rents as high as $$3,300 a month. The property is separate for PG&E and there is a room to add onsite laundry which adds additional income each month. There is extra tenant storage and ample, covered parking for each tenant.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling See Remarks
Flooring Carpet, Vinyl
Fireplace No
Exterior
Garage Covered
Utilities Available Sewer Not Available
Roof Type Shingle
Parking Type Covered
Building
Sewer None
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Bought with Yoana Taseva • Keller Williams Realty
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