Concord, 加利福尼亞州, Contra Costa County, 94521

1506 Garcez is a turnkey fully occupied 12 unit apartment building in the city of Concord. The property has been meticulously maintained by current ownership with recent capital improvements completed to further the longevity of the property. The property consists of ten (10) 2 bedroom/ 1 bathroom units, one (1) 2 bedroom/ 1.5 bath unit, and one (1) 1 bedroom/ 1 bathroom unit on a low maintenance landscape. Fantastic in-place rental income of over $290,000 annually. 5.59% cap rate and 12.72 GRM on in-place rents with additional upside through unit turnover/renovation, and annual rental rate increases. The property collects laundry income and 8 of 12 units collect an additional $75-$100 per month in utility reimbursement to offset water/recycling/trash expenses. Several units have updated flooring, kitchens, bathrooms as well as new appliances. Double pane windows throughout. Exterior painting and a 30 year foam roof completed within the last 3 years. Covered and uncovered off-street parking. Tenants separately metered for gas and electric. Just blocks from Clayton Valley Shopping Center, close proximity to main thoroughfares through the city, and location served by a highly regarded school district. Concord BART approximately 4 miles away.

Listing Courtesy of Eric Keena , BHHS Drysdale Properties, Phone : (510) 381-5434