List Price: $400K

Listing Status: Active

Original List Price: $550K

Days on Market: 47

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1910

Lot Size: 5,650 sq ft

MLS Number: 41121644

About This Property

This Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased at the top of the market, generating $7,650/month in rent—$91,800 annually—offering an amazing ROI, with low annual maintenance costs (approx. $3,600 w/o property taxes), this secure gated property is a rare opportunity to secure strong market rents from the start! Note: Tenants pay their own utilities, water and garbage! Property features: - Two spacious 3BD/1BA units in the duplex w/updates - A charming, updated 1BD/1BA, detached unit with a large basement for owner storage - In-unit laundry for the duplex units - Secure, gated parking for 6 vehicles - A sizable, secured, yard area, for tenant or owner use Conveniently located just minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property may also qualify for special loan programs. Whether you're expanding your portfolio with this low expense, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers with long-term upside either way.

Property Photos