Contact Xavier Gomez
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305 Ripley Ave, Richmond, CA 94801
Priced at Only: $895,000
For more Information Call
Mobile: 714.478.6676
Address: 305 Ripley Ave, Richmond, CA 94801
Property Photos
Property Location and Similar Properties
- MLS#: 41061968 ( Quadruplex )
- Street Address: 305 Ripley Ave
- Viewed: 2
- Price: $895,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1927
- Bldg sqft: 0
- Days On Market: 205
- Additional Information
- County: CONTRA COSTA
- City: Richmond
- Zipcode: 94801
- Provided by: Abio Properties
- Contact: Elisabeth Elisabeth
- DMCA Notice
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DescriptionMarket rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.
Features
Association Fee
- 0.00
Construction Materials
- Stucco
Days On Market
- 125
Flooring
- Tile
Heating
- Electric
- Wall Furnace
Insurance Expense
- 1589.00
Lockboxtype
- Supra
Lot Features
- Level with Street
- Back Yard
- Garden
Netoperatingincome
- 41094.00
Otherexpense
- 925.00
Parcel Number
- 5342120127
Parking Features
- Street
- Assigned
Professionalmanagementexpense
- 4590.00
Property Type
- Quadruplex
Roof
- Shingle
Sewer
- Public Sewer
Sourcesystemkey
- 41061968:BMLS
Year Built
- 1927
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com