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    334-340 Chesley Avenue

    Richmond, CA 94801
    • $695,000
    • STATUS: Pending
    • ON SITE: 11 days
    • ID#: 22024549
    Pending
    UPDATED: 54 min ago
    $695,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,501
      SQFT
    • $278
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    Description

    Built in 2002, this fourplex has had only two owners. Each unit includes a large, private garage, one bedroom and bathroom, full kitchen and exterior deck or patio. Owner-occupy opportunity or an increase of overall rental income with a new tenant. Property has separate gas and electric meters. Owner pays water, sewage and trash. Given age and current care of property, maintenance costs and management needs are low. All rents are current and mirror market value. This is an excellent opportunity for a first-time buyer as well as an investment shift from an unpredictable stock market. Current cash flow is at a 6.7% CAP rate.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-10-21T11:56:04.277.
    www.hiraethhomes.com/homes/110884510
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    334-340 Chesley Avenue Richmond, CA 94801

    • Price: $695,000
    • Status: Pending
    • Updated: 54 min ago
    • ID#: 22024549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,501
    SQFT
    $278
    $/SQFT
    2002
    Built
    Neighborhood:
    Contra Costa
    County:
    Contra Costa
    Area:
    Contra Costa
    Property Description
    Built in 2002, this fourplex has had only two owners. Each unit includes a large, private garage, one bedroom and bathroom, full kitchen and exterior deck or patio. Owner-occupy opportunity or an increase of overall rental income with a new tenant. Property has separate gas and electric meters. Owner pays water, sewage and trash. Given age and current care of property, maintenance costs and management needs are low. All rents are current and mirror market value. This is an excellent opportunity for a first-time buyer as well as an investment shift from an unpredictable stock market. Current cash flow is at a 6.7% CAP rate.
    Exterior Features

    Exterior Stucco Foundation Construct Cc SlabConcrete Perimeter Garage Parking Garage Lot Description LevelRegular Pool No Roof Composition Style Contemporary Type 2 Story View No Yard Grounds Deck(S)Enclosed Patio(S)Fenced YardYard Space

    Interior Features

    Basement None Fireplace No Floors Simulated WoodTile Laundry Appliance Common Room Unit1 Approx Sq Ft 625 Unit1 Baths Full 1 Unit1 Bedrooms 1 Unit1 Half Baths 0 Unit1 Includes ElectricGasOven/RangePrivate YardRefrigeratorWall Furnace Unit1 Sq Ft Source Not Measured Unit1 Total Rooms 2 Unit2 Approx Sq Ft 625 Unit2 Baths Full 1 Unit2 Bedrooms 1 Unit2 Half Baths 0 Unit2 Includes Balcony/DeckElectricGasOven/RangeRefrigeratorWall Furnace Unit2 Sq Ft Source Not Measured Unit2 Total Rooms 2 Unit3 Approx Sq Ft 625 Unit3 Baths Full 1 Unit3 Bedrooms 1 Unit3 Half Baths 0 Unit3 Includes Balcony/DeckElectricGasOven/RangeRefrigeratorWall Furnace Unit3 Sq Ft Source Not Measured Unit3 Total Rooms 2 Unit4 Approx Sq Ft 625 Unit4 Baths Full 1 Unit4 Bedrooms 1 Unit4 Half Baths 0 Unit4 Includes Balcony/DeckElectricGasOven/RangeRefrigeratorWall Furnace Unit4 Sq Ft Source Not Measured Unit4 Total Rooms 2

    Property Features

    Auction No Cap Rate 6.70 City Transfer Tax Yes City Transfer Tax Rate 0.00 Common Int Dev No Deposits 0.00 Est Ann Net Income 50438.00 Est Insurance Exp 1800.00 Est Maintenance Exp 766.00 Est Management 4262.00 Est Misc Expenses 1284.00 Est Taxes 23000.00 Est Total Annual Exp 34805.00 Est Utilities Exp 3693.00 Expense Source Owner GRM 8.15 Gross Scheduled Inc 85243.00 Lot Size Source (Realist Public Rec) Monthly Expenses 2900.42 Monthly Income 7103.58 Multifamily Type Multi Unit 2-4 New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageGasInsuranceLicense FeesMaintenanceManagementVacancy FactorWater Pending Litigation No Planned Unit Develop No Projected Or Actual Actual Separate Meters ElectricityGas Sewer Septic Sewer Public Square Footage Source Realist Public Rec Tenant Pays Cable TvElectricityGas Transaction Type Sale Unit1 Rents For 1807.10 Unit2 Rents For 1800.00 Unit3 Rents For 1695.48 Unit4 Rents For 1801.00 Water Source Water-Public Year Built Source Realist Public Rec

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Gary Izard of Independent Rl Est Brokers.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-10-21T11:56:04.277.
     
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