3886 Mulberry Dr - Apartments FOR SALE


Concord, CA 94519- Concord/Pleasant Hill
$5,800,000 USD
626-483-5136
3886 Mulberry Dr, Concord, CA for Sale
$5,800,000 USD
Apartments - FOR SALE
1/17
null | 5.34% Cap Rate

3886 Mulberry Dr
Concord, CA 94519
Concord/Pleasant Hill


HIGHLIGHTS

  • Washer/Dryer in All units
  • Large 2 bedroom units
  • Forced Air in all units

OVERVIEW

The R&Z Group of Compass Commercial is pleased to present a premier investment opportunity at 3886 Mulberry Drive, located in the thriving and sought-after City of Concord. This exceptional twenty-unit apartment complex offers discerning investors the rare chance to acquire a prime piece of real estate in one of the City’s most desirable neighborhoods. The property is comprised of three distinct buildings, featuring a combination of (16) well-appointed single-story 2-bedroom, 1-bath units, and (4) larger townhouse-style 2-bedroom, 1-bath units. Each of the twenty units is equipped with in-unit washer and dryer, individual hot water heaters, central forced air heating, and air conditioning, providing tenants with a modern, condo-like living experience. Additionally, the complex offers dedicated carports, two parking spaces per unit, private patios for ground-floor residents, private balconies for upper-level tenants, and beautifully landscaped garden-style grounds with mature trees, shrubs, and grassy areas. The property spans a total of 18,084 square feet of living space on a 40,946 square foot lot.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

20

PRICE/UNIT

$290,000

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

PD

APN/PARCEL ID

114-690-051-7

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.