1506 Garcez Dr 12 Unité Immeuble d’appartements 4 955 516 $ CAD (412 960 $ CAD/Unité) 6% Taux de capitalisation Concord, CA 94521

1506 Garcez offers a prime investment opportunity with a turnkey, fully occupied 12-unit apartment building located in the heart of
Concord. Built in 1960, the two-story wood-frame structure features stucco siding with wood trim and sits on a 12,990-squarefoot lot. The building spans 9,548 square feet and includes 12covered and 6 uncovered off-street parking spaces. Additional income is generated through on-site laundry facilities and a utility reimbursement program, with 8 of the 12 tenants contributing an extra $100 per month to offset water and garbage expenses. The property also features CCTV security cameras and a manager’s storage shed.
Well-Maintained Asset with Recent Upgrades
• Major capital improvements include updated flooring, kitchens,
bathrooms, and new appliances.
• Exterior enhancements feature double-pane windows, fresh paint,
and a 30-year foam roof installed within the last 3 years.
• Hydro Jetting Drain System
• Water Saving Recirculating Pump for instant hot water
• Water Heater & New Wall Furnaces
• New Patio Doors for all Apartments
• Remote camera monitoring
• All units are separately metered for gas and electricity.