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Listed by Goodview Financial & R.E.
$ 1,080,000
Est. payment /mo
Active
1486 Marclair Dr Concord, CA 94521
3,168 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $340
Subdivision Clayton Valley
MLS Listing ID 41132420
HOA Y/N No
Year Built 1962
Lot Size 5,678 Sqft
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
Presenting a rare opportunity to acquire a stabilized, high-performing residential income property in one of Concord's most sought-after rental corridors. This well-maintained two-story 4-plex consists of four spacious 2-bedroom, 1-bathroom units, offering a functional and consistently in-demand unit mix that appeals to a wide range of long-term tenants. The property is currently occupied by reliable, long-term tenants with a proven history of on-time rent payments and meticulous care of the premises. The building is partially remodeled and it reduces immediate capital expenditure requirements and enhance tenant retention. This property is a true "cash cow" for the discerning investor. The current Cap Rate between 4.5%-5%. The asset provides immediate, reliable cash flow from day one.
Location
State CA
County Contra Costa
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet
Fireplace No
Window Features Screens
Appliance Gas Water Heater
Building
Lot Description Level, Paved
Water Meter on Site, Water District