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$ 1,149,000
Est. payment /mo
Open Sun 2PM-4PM
1486 Marclair Dr Concord, CA 94521-4333
5,675 Sqft Lot
Open House
Sun May 03, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Clayton Valley
MLS Listing ID 41132420
HOA Y/N No
Year Built 1962
Lot Size 5,675 Sqft
Property Sub-Type Quadruplex
Property Description
Presenting a rare opportunity to acquire a stabilized, high-performing residential income property in one of Concord's most sought-after rental corridors. This well-maintained two-story 4-plex consists of four spacious 2-bedroom, 1-bathroom units, offering a functional and consistently in-demand unit mix that appeals to a wide range of long-term tenants. The property is currently occupied by reliable, long-term tenants with a proven history of on-time rent payments and meticulous care of the premises. The building is partially remodeled and it reduces immediate capital expenditure requirements and enhance tenant retention. This property is a true "cash cow" for the discerning investor. The current Cap Rate between 4.5%-5%. The asset provides immediate, reliable cash flow from day one.
Location
State CA
County Contra Costa
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Carport
Total Parking Spaces 8
Building
Lot Description Front Yard, Street Level
Others
Tax ID 1331600302
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Listed by Raymond Wu Goodview Financial & R.E. #01899290
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