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Multifamily

8th Street Portfolio

9 E 8th St, Antioch, CA 94509

Listing Price: $1,298,000

Cap Rate
5.16%
Number of Units
4
Occupancy
100.0%
Price/Unit
$324,500
Price/Gross SF
$385.39
Gross SF
3,368

Investment Overview

A great opportunity to invest in the Residential AND Commercial real estate market. This opportunity includes (3) Single Family Homes and (1) ADU on about a half acre of land. The SFRs and the ADU are 1 Bedroom/1 Bathroom units, with the exception of 9 E 8th St, which boasts a larger 3 Bedroom/1 Bathroom ?oor plan. There is a 3 car garage that is shared by 3 of the 4 tenants, as well as plenty of street parking. Tenants pay ALL utilities including PG&E, Water, Garbage and general maintenance/landscaping, making this a strong cash ?owing asset with minimal expenses. All the interiors consist of hardwood ?oors, granite countertops, new dual pane windows, crown molding and in unit washer and dryer. (2) units have been very recently upgraded with new kitchens and bathrooms as well as linoleum ?ooring. The subject properties also include 3 Spacious backyards along with a 3 car garage and a large shed for extra storage. Antioch is the second largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area along the San Joaquin-Sacramento River Delta. Antioch is one of the few Bay Area communities that offers affordable housing. There are a variety of house styles throughout Antioch, from condominiums to single family residences, priced for a variety of income levels. The pace of development in Antioch has spurred activity for ?nancial and insurance institutions, contractors, and other types of service-oriented businesses. Increased development has created increased employment in schools, hospitals and other local service sectors.

Investment Highlights

  • • (3) SFR's and (1) ADU on (3) Adjacent Lots • New Windows, Exterior Paint
  • • Washer and Dryer in Unit • Very low Operating expenses
  • • 3 Car Garage On Site • Backyards for all 4 Units

Exclusively Listed By

Multifamily

8th Street Portfolio

Listing Price: $1,298,000

Cap Rate
5.16%
Number of Units
4
Occupancy
100.0%
Price/Unit
$324,500
Price/Gross SF
$385.39
Gross SF
3,368

Investment Highlights

  • • (3) SFR's and (1) ADU on (3) Adjacent Lots • New Windows, Exterior Paint
  • • Washer and Dryer in Unit • Very low Operating expenses
  • • 3 Car Garage On Site • Backyards for all 4 Units

Investment Overview

A great opportunity to invest in the Residential AND Commercial real estate market. This opportunity includes (3) Single Family Homes and (1) ADU on about a half acre of land. The SFRs and the ADU are 1 Bedroom/1 Bathroom units, with the exception of 9 E 8th St, which boasts a larger 3 Bedroom/1 Bathroom ?oor plan. There is a 3 car garage that is shared by 3 of the 4 tenants, as well as plenty of street parking. Tenants pay ALL utilities including PG&E, Water, Garbage and general maintenance/landscaping, making this a strong cash ?owing asset with minimal expenses. All the interiors consist of hardwood ?oors, granite countertops, new dual pane windows, crown molding and in unit washer and dryer. (2) units have been very recently upgraded with new kitchens and bathrooms as well as linoleum ?ooring. The subject properties also include 3 Spacious backyards along with a 3 car garage and a large shed for extra storage. Antioch is the second largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area along the San Joaquin-Sacramento River Delta. Antioch is one of the few Bay Area communities that offers affordable housing. There are a variety of house styles throughout Antioch, from condominiums to single family residences, priced for a variety of income levels. The pace of development in Antioch has spurred activity for ?nancial and insurance institutions, contractors, and other types of service-oriented businesses. Increased development has created increased employment in schools, hospitals and other local service sectors.

Exclusively Listed By

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