Multi-family 3480 Willow Pass Rd 6 Unit Apartment Building $2,037,270 CAD ($339,545 CAD/Unit) 5.80% Cap Rate Concord, CA 94519

3480 Willow Pass Road offers investors a clean well maintained, cash flow positive, six-unit multifamily property located in the City of Concord within
Contra Costa County. The property’s central location allows tenants convenient access to major Bay Area employment centers, including Downtown
Concord, Walnut Creek, Oakland, San Francisco, and Sacramento. The property is situated on the major thoroughfare of Willow Pass Road, directly
across from the rolling hills and preserved open space of the East Bay Regional Park District, with land permanently protected following its transfer
from the federal government for open space preservation.
Constructed in 1969, the property consists of a two-story wood frame and stucco structure with a mansard style flat roof, and totaling living area of
4,860 square feet. The property floorplans consist of six two-bedroom, one-bathroom units, with superior oversized unit layouts each containing
approximately 800 square feet. The five of the six units have been highly renovated upon turnover and the property benefits from many improvements
by the current ownership including double-paned windows, new roof, and newer paint. Units are individually metered for gas and electricity and the
property has nine on site parking spaces located behind the building, with potential to restripe for additional parking.
The property provides direct access to public transportation via. bus service located approximately a four-minute walk from the property and provides
service to BART (Bay Area Rapid Transit) in ten minutes or a short drive to the Concord BART station.
The property’s smaller scale configuration positions it well for owner operators, private investors, and long-term holders seeking a well maintained,
renovated, cash flow property, with stable expenses.