CA > Richmond
Richmond, CA 94801,420 5th St
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Richmond, CA 94801,420 5th St
Richmond, CA 94801,420 5th St
Richmond, CA 94801,420 5th St
Richmond, CA 94801,420 5th St
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David Giambruno

David Giambruno

VKG Real Estate Group

+1(408) 202-4210
Listed by Mark DuBois • Keller Williams Rlty East Bay
$ 550,000
Est. payment /mo
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Price Dropped by $350K

420 5th St Richmond, CA 94801

7 Beds

3 Baths

2,468 SqFt

Open House

Sun Dec 07, 2:00pm - 4:00pm

Tue Dec 09, 11:00am - 1:00pm

Sat Dec 13, 2:00pm - 4:00pm

Sun Dec 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,468 sqft

Price per Sqft $222

MLS Listing ID EB41101466

Bedrooms 7

Year Built 1910

Lot Size 5,650 Sqft

Property Sub-Type Triplex

Source Bridge MLS

Property Description

This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,650/month in rent-$91,800 annually-offering an impressive 7% cap rate. With low annual maintenance costs (approx. $3,600), this gated property is a rare opportunity to secure strong market rents from day one. It's being sold through an online bid. Visit: https://bit.ly/4apKXKH It ends December 16th at 2pm. By the way, tenants pay utilities, including water! The property features: - Two spacious 3BD/1BA units in a duplex with updates - A charming, updated 1BD/1BA, detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 6 vehicles - A sizable, secured, yard area, for tenant or owner use Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.

Location

State CA

County Contra Costa

Area Richmond - North & West/Parchest

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Laminate, Tile, Vinyl

Laundry Laundry Area - In Unit

Exterior

Exterior Feature Stucco

Parking Features Spaces per Unit - 1, Off-Street Parking

Garage Spaces 4.0

Roof Type Composition

Building

Lot Description Regular

Sewer Sewer - Public

Water Public

Others

Tax ID 538-080-030-9

Special Listing Condition Price Change, Auction

Virtual Tour https://www.tourfactory.com/idxr3044063

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David Giambruno

David Giambruno

+1(408) 202-4210

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