44 N Broadway - Apartments FOR SALE


Bay Point, CA 94565
$825,000 USD
415-806-5455
44 N Broadway, Bay Point, CA for Sale
$825,000 USD
Apartments - FOR SALE
1/16
null | 4.7% Cap Rate

44 N Broadway
Bay Point, CA 94565


HIGHLIGHTS

  • (2) separate APNs with three units on each - must be purchased together from this Seller - may be sold separately later by Buyer
  • Individual water meters for (3) units - and (1) water meter for the other (3) units
  • Large parcels with (11)+ parking spaces
  • (2) Single-story structures with pitched roofs

OVERVIEW

Great add-value opportunity. (2) separate 3-unit buildings on completely separate APNs with separate legal descriptions. These properties must be purchase together, from the current Seller who has owned the buildings for 25+ years. Easy add-value opportunity by selling them separately in the future. (2) Single-story buildings surrounded by mature low maintenance landscaping with pitched, composite shingle roofs. Well-parked with 11+ spaces. One parcel has (3) separate water meters, the other parcel has (1) water meter. Individual hot water heaters & metering for gas and electric. Great opportunity to add-value to a property with rents that are well-below market.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

6

PRICE/UNIT

$137,500

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

44 N Broadway Bay Point Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

096-032-019,096-032-020

ASK ABOUT THIS PROPERTY

Steven CraneMorley Fredericks Real Estate ServicesMore Info
415-806-5455

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Steven CraneMorley Fredericks Real Estate ServicesMore Info
415-806-5455

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