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21-Unit Investment with 9.56% Cap Rate 315 25th St 21 Unit Apartment Building $5,071,475 CAD ($241,499 CAD/Unit) 9.56% Cap Rate Richmond, CA 94804
Investment Highlights
- 21-Unit Mixed-Use Investment Offering 18 Residential Units and Three Commercial Units
- Unit Mix Offers Nine Studio Units, Five, 1bd/1bth Units, Four 2bd/1bth Units and Three Commercial Units
- Easy to Manage, Low Maintenance Property with Upgraded Electrical, Plumbing, and a Newer Roof
- Market Leading Cash Flow with Excellent Upside
- Remodeled Units with Newer Kitchens, Bathrooms, Wood Flooring, Custom Fixtures, and More
- High Demand Richmond Rental Location Near Many Restaurants and Shopping Options
Executive Summary
21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The property is 100% occupied with stable cash flow and offers excellent in-place income and with strong rental upside. The property was originally built in 1912, offers approximately 14,164 square feet of rental space and sits on a 5,000 square foot corner lot. The unit mix consists of three commercial units, four 2bd/1bth units, five 1bd/bth units and nine studio units. Many of the units have been remodeled over time with
an updated electric systems and newer roof. The property is easy to maintain and separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING
an updated electric systems and newer roof. The property is easy to maintain and separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING
Property Facts
| Price | $5,071,475 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $241,499 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 9.56% | Building Size | 14,418 SF |
| Gross Rent Multiplier | 7.05 | Average Occupancy | 95% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | CMCD, Richmond | ||
| Price | $5,071,475 CAD |
| Price Per Unit | $241,499 CAD |
| Sale Type | Investment |
| Cap Rate | 9.56% |
| Gross Rent Multiplier | 7.05 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 14,418 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1912 |
| Zoning | CMCD, Richmond |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Granite Countertops
- Refrigerator
- Oven
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 515-261-004-3 | Improvements Assessment | $1,224,858 CAD |
| Land Assessment | $481,188 CAD | Total Assessment | $1,706,046 CAD |
Property Taxes
Parcel Number
515-261-004-3
Land Assessment
$481,188 CAD
Improvements Assessment
$1,224,858 CAD
Total Assessment
$1,706,046 CAD
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21-Unit Investment with 9.56% Cap Rate | 315 25th St
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