$1,173,000
$1,450,000
19.1%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
0.38 Acres Lot
SOLD DATE : 04/09/2024
Key Details
Sold Price $1,173,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 423900421
Sold Date 04/09/24
Bedrooms 16
HOA Y/N No
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Property Description
In place 6.07% cap rate. 52-54 E 16th Street is an easy to manage, fully leased 7-unit multifamily property on an expansive 16,552 square foot lot. The property consists of two buildings, a one 4-bedroom 2-bath house and a one 6-unit building. The 6-unit building is comprised of six spacious 2-bedroom 1-bath units, all with similar floor plan and each approximately 707 square feet. All units are well maintained with recent updates. 14 on-site parking spaces. Flag lot provides private setting. The house features a generous rear yard while a storage shed hints at the potential for an additional dwelling unit (ADU) or convenient laundry room conversion. Ideal investment opportunity with upside potential, just a 6-minute drive from the Antioch BART Station.
Location
State CA
County Contra Costa
Area Antioch
Zoning R-20
Interior
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 14
Building
Lot Description None
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Others
Tax ID 065183009
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