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420 5Th St, Richmond, CA 94801

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For Sale

$900,000

7 beds • 2,468 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $364.67
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,650/month in rent $91,800 annually and offering an impressive 7% cap rate at the current asking price. With low annual maintenance costs (approx. $3,600), this well-maintained gated property is a rare opportunity to secure strong market rents from day one. The property features: - Two spacious 3BD/1BA units in a duplex one partially remodeled - A charming, remodeled 1BD/1BA detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 4 vehicles - A sizable shared yard, ideal for tenants Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs thanks to its location in an eligible lending area. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.
MLS# 41101466

Courtesy Of Keller Williams Realty Walnut Creek

(925) 934-2900

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Laminate, Tile, Vinyl
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 420 5Th St, Richmond, CA 94801

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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