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Multifamily

428 43rd St

428 43rd St, Richmond, CA 94805

Listing Price: $599,000

Cap Rate
4.10%
Number of Units
2
GRM
14.47
Price/Unit
$299,500

Investment Overview

428-430 43rd St is a wonderful duplex consisting of one spacious two-bedroom, one-bathroom, and one one-bedroom, one-bathroom apartment unit. The square footage of the property totals approximately 1,550 and sits on a .12 acre lot, per the county record. In addition to the main structure, there is a detached two-car garage and an open grass area at the rear, perfect for gardening or for resident pets. Currently fully occupied, the property allows an investor to own and operate a simple, straightforward investment or for an owner-user who would like to live in one unit and rent the other to offset the mortgage.

The property is also listed for sale alongside the neighboring single family home at 438 43rd St. 438 43rd St is has historically been tenant occupied and is currently vacant ready for a rental or owner/user. The single family residence is a two-story, two-bedroom one-bathroom consisting of 881 sf feet on 3,800 square foot lot. This allows an investor to acquire a total of three units over two different properties allowing for multiple investment strategies.

Ideally situated in Richmond's vibrant North & East neighborhood, 428-430 & 438 43rd Street offers convenient access to BART, Interstate 80, and the Richmond Ferry, making commuting throughout the Bay Area a breeze. Residents enjoy proximity to local parks, schools, shopping, dining, and the scenic San Francisco Bay Trail, combining everyday convenience with outdoor recreation.

Investment Highlights

  • Easy to manage
  • sold with the neighboring single-family home for a total of three units
  • good rental upside

Exclusively Listed By

Multifamily

428 43rd St

Listing Price: $599,000

Cap Rate
4.10%
Number of Units
2
GRM
14.47
Price/Unit
$299,500

Investment Highlights

  • Easy to manage
  • sold with the neighboring single-family home for a total of three units
  • good rental upside

Investment Overview

428-430 43rd St is a wonderful duplex consisting of one spacious two-bedroom, one-bathroom, and one one-bedroom, one-bathroom apartment unit. The square footage of the property totals approximately 1,550 and sits on a .12 acre lot, per the county record. In addition to the main structure, there is a detached two-car garage and an open grass area at the rear, perfect for gardening or for resident pets. Currently fully occupied, the property allows an investor to own and operate a simple, straightforward investment or for an owner-user who would like to live in one unit and rent the other to offset the mortgage. The property is also listed for sale alongside the neighboring single family home at 438 43rd St. 438 43rd St is has historically been tenant occupied and is currently vacant ready for a rental or owner/user. The single family residence is a two-story, two-bedroom one-bathroom consisting of 881 sf feet on 3,800 square foot lot. This allows an investor to acquire a total of three units over two different properties allowing for multiple investment strategies. Ideally situated in Richmond's vibrant North & East neighborhood, 428-430 & 438 43rd Street offers convenient access to BART, Interstate 80, and the Richmond Ferry, making commuting throughout the Bay Area a breeze. Residents enjoy proximity to local parks, schools, shopping, dining, and the scenic San Francisco Bay Trail, combining everyday convenience with outdoor recreation.

Exclusively Listed By

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