410 S 34th St 6 Unit Apartment Building $1,947,308 CAD ($324,551 CAD/Unit) 6.30% Cap Rate Richmond, CA 94804

This six-unit apartment building was built in 1963 and consists of six 2-bedroom 1-bathroom units of over 800sqft each. The building offers 4,814 square feet of rentable space, as well as individual parking for each unit. Tenants currently cover their own water, gas, and electric reducing operating costs for potential future owners. The property has seen several upgrades, including renovations to window panes, exterior paint, and parking lot resurfacing. Additionally, one unit is currently vacant, making it an ideal opportunity for owner-occupiers or an immediate increase in cash flow by leasing the unit at market rate.
Located in the charming Pullman neighborhood, this property boasts a prime location. Pullman is a walkable and vibrant neighborhood in Richmond, close to popular parks, public schools, and convenient stores. The neighborhood features gridded streets lined with colorful and eclectic early-century bungalows, each full of character. Centrally situated, this property offers convenient access to Richmond's transportation options, including the nearby 580 and 80 freeways, and public transportation. As a major city with proximity to West Coast ports, Richmond is connected to the maritime industry. The nearby Port of Richmond plays a key role in regional trade and transport. The Richmond area has significant employment related to cargo transport and related industries.