203 BISSELL AVE, RICHMOND, CA 94801

  • Lot Size: 3,656 sqft
  • Built in 1908
  • MLS #41019825
For Sale $1,437,580
  • share

Description

Absolutely astonishing Rare cash flow opportunity here; with $13,288 in Monthly Rental Income. This Fourplex is rented out per bedroom with 4 Bedrooms in each of the units four units, totaling 16 bedrooms. Separately rented as follows: $855, $694, $694, $880, $990, $908, $900, $1100, $750, $900, $565, $565, $900, $900, $886, $801 = $13,288. 4 Rooms in each unit share 1 Kitchen/Dining Area. Currently at a {7.72% Cap Rate with the potential to reach 8.65%}. Very well Maintained. Access to BART and freeways makes this a popular rental location. BART is at walking distance. Financials are in Disclosures upon request, contact listing agent for more details/questions. This does qualify for FHA and you would get to use 75% of the incoming rents for your income on the property to purchase.

FACTS / FEATURES

  • Built in 1908
  • Lot Size: 3,656 sqft
  • Heating: Wall Furnace

for more information on this property, please fill out the form below

* required field
Listing Provided by Conner Applegate, Corcoran Icon Properties
Based on information from California Regional Multiple Listing Service, Inc. as of May 28, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.