2065 Riley Court
Concord, CA 94520
0.26 acres | #ML81986971
Description
Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.
Property Details
- Acres0.263
Construction Details
- Property TypePurchase
Condition
- Year Built1986
Community and Neighborhood Details
- CountyContra Costa
- School DistrictOther
Financial Details
- Original List Price$3,000,000
- Taxes Annual$14,796
Other
- MLS #ML81986971
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Gene Au (#ML5078018)
Listing Office: Realty World Dominion (#ML85633)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
