$1,149,000
Presenting a rare opportunity to acquire a stabilized, high-performing residential income property in one of Concord’s most sought-after rental corridors. This well-maintained two-story 4-plex consists of four spacious 2-bedroom, 1-bathroom units, offering a functional and consistently in-demand unit mix that appeals to a wide range of long-term tenants. The property is currently occupied by reliable, long-term tenants with a proven history of on-time rent payments and meticulous care of the premises. The building is partially remodeled and it reduces immediate capital expenditure requirements and enhance tenant retention. This property is a true "cash cow" for the discerning investor. The current Cap Rate between 4.5%-5%. The asset provides immediate, reliable cash flow from day one.
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Listed by Raymond Wu with Goodview Financial & R.E. (408) 988-1138
Property Type
Quadruplex
Status
Active
MLS Number
41132420
Year Built
1962
Lot Size
5,676 sq ft