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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 Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,426 sqft
Price per Sqft $409
MLS Listing ID MR41091815
Originating Board Bridge MLS
Year Built 1935
Lot Size 0.304 Acres
Property Sub-Type Five 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
Area Martinez
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Hardwood
Laundry Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Enclosed
Garage Spaces 12.0
Roof Type Rolled Composition
Building
Sewer Sewer - Public
Water Heater - Gas
Others
Tax ID 374-132-010-9
Special Listing Condition Not Applicable
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Ben Dodge
REALTOR® | Lic# DRE 01959374