Richmond, CA 94803,4143 Fran Way

$3,145,000

Est. payment /mo

$3,195,000

1.6%
Est.Price: ?

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4143 Fran Way Richmond, CA 94803

12,240 SqFt

SOLD DATE : 04/16/2024

Key Details

Sold Price $3,145,000

Property Type Commercial

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 12,240 sqft

Price per Sqft $256

MLS Listing ID 41048716

Sold Date 04/16/24

HOA Y/N No

Year Built 1975

Lot Size 0.722 Acres

Acres 0.72

Property Description

4143-4169 Fran Way, Richmond, positioned on the border of El Sobrante. This premier property comprises 12 townhome-style units with individual garages for each unit. The units features 2 bedrooms and 1.5 baths, caters to a diverse demographic, ensuring broad market appeal. Majority of the units have their own balconies increasing the rent-ability and value. The property is fully stabilized with 100% occupancy with an in-place Cap Rate of 6.17% and produces nearly a 5% cash on cash return day one. With a 10.8 GRM and $261 price per square foot, this investment is one you do not want to miss out. The property's location on the El Sobrante border and provides residents access to the amenities and charm of both Richmond hills and El Sobrante. Investors keen on maximizing returns and unlocking additional value should consider the prospect of condo conversion, turning each unit into a 2bed town-home condo (Buyer to do their own research).

Location

State CA

County Contra Costa

Area Listing

Rooms

Basement Other

Interior

Interior Features Other

Heating Other

Cooling Other

Flooring Other

Fireplace No

Laundry Coin Operated, Common Area

Exterior

Utilities Available Other Water/Sewer

Handicap Access Other

Total Parking Spaces 12

Building

Lot Description Other, See Remarks

Water Other

New Construction No

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Bridge MLS
Listed by Willem Bos • COMPASS
Bought with BrigitteSchlatter
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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