This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of 5 2bd/1bth units of 1050 square feet, 4 2bd/1bth units of 950 square feet, and 1 3bd/2bth unit of 1200 square feet. Each unit has it's own private backyard or balcony. Many units have been upgraded throughout including dual pane windows, updated kitchens, bathrooms, and flooring. The property has been professionally managed, which has increased the tenant profile, and made significant upgrades throughout the property.The property has a history to little or no vacancies and currently is fully occupied. The property is separate for PG&E and there is onsite laundry which adds additional income each month. Many units are below market in rent, meaning an investor can come in and raise many rents to achieve even greater cash flow. Analysts predict 94519 values will increase 10.2% next year, compared to a 9.4% rise for Concord as a whole. Among 94519 properties, this property is valued 62.8% more than the midpoint (median) property. The average price per square foot for properties for sale in this area is $277. Foreclosures will be a factor impacting property values in the next several years. In the 94519 market, the number of foreclosures waiting to be sold decreased 62.2% in the last year. Contact Steve@PinzaGroup.com for a complete marketing package!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
