Listing ID : 41087478
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Structure / Lot Size
2,348 Sqft / 0.0800 Acre -
Year
1962
Description
Welcome to 1109 Broadway Avenue, San Pablo, a triplex with TWO VACANT UNITS conveniently located a little over a mile to Point Pinole Regional Shoreline. Enjoy the popular shops and restaurants tucked into this close-knit community along with all that Richmond offers nearby. The top floor's light-filled units (#2 and #3) are both VACANT. The lower unit (#1) is tenant-occupied paying $2,200/month. Units 2 and 3 are nearly identical featuring 2BD/1BA, full tubs over shower and wall heaters; Unit 2 has an electric stove and Unit 3 has a gas stove. Unit 1 is 3BD/1BA and is the largest unit of the three and features central heat and an electric stove. All apartments have one parking space (with room for tandem parking) and one storage room each. The building has one water meter and one water heater, and each unit is separately metered for electricity/gas. One seller-owned high quality coin-op washer/dryer set services the building and provides solid income to ownership. The property is in good condition and is perfect for an owner-occupant looking for an affordable and sustainable living situation with long-term potential or an investor can walk right into the 5.9% cap rate!
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