Priced To Sell - 5 Unit Building 1324 Gaynor Ave Immeuble residentiel 5 lots 818 007 € (163 601 €/Lot) Taux de capitalisation 8,50 % Richmond, CA 94801

THIS PROPERTY IS PRICED TO SELL. Located at 1324 Gaynor Ave in Richmond, this multifamily property presents a compelling investment opportunity with a list price of $950,000, translating to roughly $190,000 per unit and $237.5 per square foot. Constructed in 1960, the property consists of 4 units + 1 Non conforming unit on a spacious 0.26-acre lot, totaling 4,000 square feet of building area. The asset features a diverse unit mix consisting of all market rents (1) 2 bedroom/1-bathroom unit, (2) 1 bedroom/1-bathroom unit, (1) Studio unit, and (1) Studio unit- non conforming unit. The building has an additional 2 garage parking spaces + 2 driveway parking spots.
From a financial perspective, the property offers a current cap rate of 8.50% and a GRM of 8.4, with a current occupancy rate of 100%. Current scheduled rents
total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework.
Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg