305 Ripley Ave, Richmond CA 94801

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$895,000

305 Ripley Ave, Richmond, CA 94801

bedrooms

bathrooms

square feet

2,102

Acreage

0.09

Open Houses

year built

1927

Full Baths

Half Baths

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Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate - an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.

Location
Subdivision	-
County	Contra Costa
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 41061968

Listing agent: Elisabeth Watson

Listing broker: Abio Properties (888) 400-2246

Last update: Tuesday, January 14 2025 at 10:44 p.m. EST

Kotohomes National