$1,720,000
$1,750,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
9,452 Sqft Lot
SOLD DATE : 05/06/2022
Key Details
Sold Price $1,720,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40977035
Sold Date 05/06/22
HOA Y/N No
Year Built 1981
Annual Tax Amount $32,627
Lot Size 9,452 Sqft
Property Description
A prime 7-unit at 5533 Madison Ave in the Richmond Annex bordering El Cerrito, CA. The property consists of five 2-bed, 1-bath units, one 1-bed, 1-bath unit, and one 3- bed, 1-bath unit, each with an individual garage built in 1982. The units are individually metered for PG&E, keeping expenses low, and owned coin-operated laundry machines provide additional income. The owner has made consistent improvements to the property, including new landscaping, new paint, and some renovated units. Additionally, the current rents at the property are on average 38% below market creating tremendous income upside for the new owner.
Location
State CA
County Contra Costa
Interior
Heating Natural Gas
Cooling See Remarks
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 9
Building
Lot Description Corner Lot
Others
Tax ID 5091800242
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Bought with Grant Chappell NAI Northern California
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