Listing Courtesy of: bridgeMLS / Bhg Reliance Partners Berkeley / Perry Gastis
$725,000
2,102
SQFT
  305 Ripley Ave Richmond, CA 94801
Pending (69 Days)

Comments

This convenient investment property is located in a quiet, evolving Richmond neighborhood that is seven minutes drive from the Richmond BART station, and six minutes to the new direct ferry service to San Francisco! This property has four one-bedroom apartments (three units were updated 2014). There is one vacant unit. Vacant unit updated in late 2018. Three units that are currently leased, have a total current income of approximately $4353.00 (three units). The vacant unit's approximate market value is $1750 to $1900 - for a total of $6100/$6250 + per month income. Common area includes a large shared backyard, two one-car driveways and two half garages. The neighborhood is quiet, and the property is 1031-exchange eligible. Consider making this your home, or income property! Financing flyer: https://edge.mortgagecoach.com/report/edgereport.html#5a72ae26-6574-49b5-98d0-80603382bebcPrevious escrow cancelled 2/1/2109. Property now available.

MLS #
40847782
Lot Size
3,800 SQFT
Type
Multifamily
Year Built
1927
Views
Other
County
Contra Costa County
Bathroom Details
Lot Information
  • Regular
Heating and Cooling
  • Baseboard
  • Other
Flooring
  • Other
Exterior Features
  • Stucco
  • Roof: Other
  • Roof: Tar and Gravel
Utility Information
  • Sewer: Water - Public
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 02, 2019
Price Changed
$725,000
45%
226,000
Dec 07, 2018
Original Price
$499,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: © 2018 BEAR, bridgeMLS, CCAR. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or bridgeMLS or Contra Costa MLS . The listings presented here may or may not be listed by the Broker/Agent operating this website.
Sarah Torney
Sarah Torney
Lic. 01945167