Pending

2122 Barrett Avenue

Richmond, CA 94801

$899,999 $3,794/Mo

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Description

This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property, this property is a savvy move for a buy-and-hold investor. It's very clear that property values in Richmond are on the rise (New Ferry terminal to SF) and objective projections for equity appreciation are in the 30-40% range for the years (3-5) ahead. The property income opportunities include a l aundry room (currently monitized by lease) 4 storage closets per unit and a carport for 1-2 off-street covered parking spaces per unit. All units are 2 bed 1 bath, and have been remodeled within the last 5 years. A detached 10'X10' Shed onsite opens up other possibilities. BART, shopping and major freeways are all blocks away. Don't let this one pass you by. The opportunity to bet on Richmond and yourself with sweet creamy cash flow on top is right in front of you.

Property Details

Property Type : ResidentialIncome

Price : $899,999

AD Id : 58146048

MLS Id : 224088300

Living Area Size : 3,575

Year Built : 1960

County : Contra Costa

Map

Features

Bedroom Information

Window Feature: Dual Pane Full

Water/Sewer

Sewer: Public Sewer
Flooring Information

Carpet, Laminate
Roofing Information

Tar/Gravel, Flat
Interior Features

Storage Area(s) Roof: Tar/Gravel, Flat Laundry Features: Coin Operated, Washer/Dryer Leased
Heating & Cooling

Heating: Separate Cooling: Wall Unit(s), None WaterSource: Meter Available, Water District, Public

Building Information

Year Built: 1960 Stories: 2 Construction Materials: Stucco, Frame Roof: Tar/Gravel,Flat Foundation Details: Raised
Exterior Features

Fenced Yard, Yard Space, Play Area

Foundation Details: Raised
Laundry Features

Coin Operated, Washer/Dryer Leased

Lot Information

Lot Dimensions: W Contra Costa Lot Description: Sidewalk Lot Square Feet: 5,624 Stories: 2 Main Square Feet: 3,575 Topography: Level

Property Information

Property Type: ResidentialIncome Sub Type: Quadruplex Style: Mid-Century SQ ft (Living Area): 3,575 Construction Materials: Stucco,Frame Property Age: 66 Cross Street: 21st street Source Neighborhood: Richmond-North & Wes Postal Code Plus 4: 3358 Area: Richmond S: 94801 Zoning: Residential Living Area Source: Assessor Auto-Fill Structure Type: Apartments

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 224088300 List Price: $899,999 List Price Tot SqFt: $252

Tax Information

Parcel Number: 514-110-003-1

Parking Information

Parking Total: 4 Carport, Covered

Elementary School District: West Contra Costa Unified

Junior High School District: West Contra Costa Unified

Senior High School District: West Contra Costa Unified
Utility Information

Natural Gas Connected, City, Electric
Location Information

Direction: Barrett ave and 21st street.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2031 Chanslor Avenue, Richmond, CA, 94801	$479,000	4	2	--
1401 Bissell Ave, Richmond, CA, 94801	$995,000	10	4	--
1225 Fred Jackson Way, Richmond, CA, 94801	$798,000	8	--	3,462	3,462 SqFt
619 2nd St, Richmond, CA, 94801	$665,000	4	2	--
219 Barrett Avenue, Richmond, CA, 94801	$879,900	8	--	3,288	3,288 SqFt
203 Bissell Avenue, Richmond, CA, 94801	$999,000	12	--	3,932	3,932 SqFt
Barrett Avenue, Richmond, CA, 94801	$1,350,000	--	--	--