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Listed by Ethan Berger • NAI Northern California
$ 3,450,000
Est. payment | /mo
8,426 SqFt
$ 3,450,000
Est. payment | /mo
8,426 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,426 sqft
Price per Sqft $409
MLS Listing ID 41091815
HOA Y/N No
Originating Board Bridge AOR
Year Built 1935
Lot Size 0.304 Acres
Property Sub-Type 5 or More Units
Property Description
The Parkside is a true pride of ownership, turn key property. All twelve of the 1-bedroom 1-bathroom units have been completely remodeled with custom home quality finishes including 5-piece stainless steel appliance packages, soft close shaker kitchen cabinetry, new bathroom cabinetry, countertops and fixtures, new lighting throughout, dual pane windows, new exterior doors, and breaker panels. Additionally, every unit features front and rear access, individual water heater, full-sized laundry machines, wood flooring, and is individually metered for PG&E. As a result of the extensive improvements the maintenance and capital improvement costs for the new ownership will be minimal moving forward. The operating costs for the ownership are further reduced by a RUBS program that bills back the tenants for common water usage and trash service. With a history of consistent income generation performance and sustainable affordable rents that are below the 30% of the average household income for the area Parkside is an ideal multifamily investment.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Tile
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Building
Lot Description Corner Lot
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227